China Leads Renewable Energy Push In Asia-Pacific

The Asia-Pacific Region is persistent to give effort to develop renewable energy and China leads the way that plays a vital role in the world.

Intelligence provider for the energy and healthcare industries in the world named Global Data issued its current report where they carry out research about the policy measures being used all around the Asia-Pacific Region to address the development of renewable energy.

According to Global Data, it is expected that the funds for renewable energy projects expanded following the formal presentation of the Kyoto Protocol during 1997, wherein Australia, Japan, and New Zealand are all the parties that have signed an agreement.

China declared its 12th five-year plan last 2011, covering the period from 2011 to 2015, which aims to install 70 GW of wind power capacity, 20 GW of solar power, and 7.5 GW of biomass power by 2015. Global Data asserts that china already reached its goal by installing renewable capacity of 224.8 GW in 2014 and renewable sources accounted for 16.4% of its power in 2014 and are expected to reach 22% by the year 2020.

The function of China as the leading wind power market throughout the world is very impactful and interests the American Wind Energy Association to take dispute the rank of China, with an overall capacity of 115.6 GW in 2014, following the US with just 66 GW.

J. Hill