China could reach a market of 500,000 million to one trillion (correct) dollars per year for "green technologies" sustainable, says a group of experts and entrepreneurs in a report released Thursday that urges governments to pave the way for such technologies.
China's report Greentech Initiative, a group of over 80 prominent tech companies, NGOs and political advisers clarified the opportunities offered 300 possible options for green technology in China, covering energy, water, buildings, transport and industry .
But government support is key, said Richard Gledhill, head of climate change services and coal market in London for PricewaterhouseCoopers, which helped lead the investigation.
According to the International Energy Agency of the United States, keep climate change to an increase of no more than 2 degrees Celsius over the next two decades will require an extra investment of 9 billion (right) of dollars, he said.
"The private sector has a key role to play in making the investments required to scale required in order to avoid dangerous climate change. But only do so if there is a clear policy framework and long-term prospects for sustaining a reasonable result "said Gledhill.
The bill defines green technology as technologies, products and services that benefit users as much or more than conventional alternatives, while limiting the impact on the natural environment and promote sustainable and efficient use of energy, water and other resources.
Although such changes are needed throughout the world, rapid Chinese growth and urbanization contribute to a dizzying remarkable construction boom.
Some 18 million people migrate from rural areas to cities every year, so that by 2050 China will have more than 200 cities with over one million inhabitants, the report said.
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