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New Energy Will Lead New Industrial Revolution

Date: Aug 13, 2010      Source: IEEPA      

Cheng Siwei: Deputy Director of the Ninth and Tenth Standing Committee of the National People’s Congres

China is a developing country and development remains an important topic in China. At present, the accumulative carbon emission only accounted for 9% of the world total, and per capita carbon emission for one fourth of the world average. At the same time, China also took up the transfer of high carbon emission industry from developed countries. The cost on the development of new energy industry such as low carbon industry remained expensive, and government subsidy and credit support are a must in this regard. In the past 3 years, the investment in new energy field increased by 40% year-on-year. From 2003 to 2007, China saw two-digit economic growth per year, but paid costly price in environmental and ecological fields. Currently, China is well aware of that situation and is taking various measures to realize low carbon objects. However, China's efforts on energy conservation and emission reduction are questioned or disputed by some countries, we shall communicate in different channels to gain their understanding and support, and continue to adhere to the principle of common but differentiated responsibility.

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