China cleantech development
Despite all the political rhetoric, the bottom line hasn't changed: carbon emissions are increasing in every corner of the planet. This is largely due to the fact that the global economy is so unequivocally tied to fossil fuel consumption.
Could it be that the world’s largest emitter of greenhouse gas is the same country that spends more on green technology than any other country?
In an effort to tap another renewable energy resource, China, the world's leader in cleantech financing and development, has partnered with Iceland to help developed its vast, but under-developed geothermal energy.
China, the world's burgeoning cleantech powerhouse, mayb be generating more than 26% of its energy from renewable sources by 2030.
China has surpassed the United States in yet another cleantech category: it is installing the first offshore wind farm located outside of Europe.
