China has now become the second largest economy in the world. However it has to pay the price with advanced technologies as the Yangtze has become a dumping ground of wastes and even cities such as Shenzen are lined with electronic waste. The country is facing pressures from multinational groups to control its use of coal and fossil fuels as well. Hence China is now taking long strides in the Green Revolution and it will soon become one of the forerunners in the producing green power.
Take the example of 2009, when China produced the maximum number of wind turbines in the world. It as ranked third in terms of power produced by these turbines that stood at 25GW. The country was ranked sixth in terms of the GDP stemming from green energy sales. USA was ranked nineteenth in this regard.
In the year 2010, China was ranked first in terms of solar power production. The Chinese companies account in the top 10 companies selling green electricity units. This is higher than any other country. Apart from building the largest number of nuclear reactors in the world (twenty-three), China is also planning to construct the largest fleet of hydro power stations. It is now planning its resources in producing electric trains as well. The planned fully electronic high speed passenger rail system will ease the congestion between Chinese cities and also reduce carbon emissions.
China has its sights regarding green technology in other countries as well apart from domestic consumption and sales. Hence we see that China is the world leader in green technology with other countries such as Germany and USA. It will continue to maintain its numero uno position in the future as it strives to build a large number of solar panels, wind turbines and hydroelectricity generators.
According to a report of Bloomberg, the country’s private investment on clean energy was about $54.6 billion in the year 2010. This accounted for one fifth of the global market green production which is valued at $243 billion. China is the world leader in green energy deployment having 50% of the world’s wind turbines and solar modules. In the next five years China plans to build at least 70 GW worth of wind farms and 5 GW worth of solar farms which is a vast increase by 225% and 715% respectively. In the next ten years China will have invested $760 billion in green projects.