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China Energy: An Investment in the Future 10/26/2010

Looking to invest in China? Market analysts say renewable energy is where to plant your dollars….and watch them grow.

As you all know, China has a whole lot of people, 1.33 Billion to be exact (I could be more exact and say 1,338,612,968 as an estimate for July 2010) but let’s not be picky. These people all use and consume energy on a daily basis. China has, in fact, recently become the world’s biggest energy consumer as of July 2010, as reported by the International Energy Agency. China however, consumes about five times less energy per capita than the United States.

None the less, if China (and the U.S. for that matter) continue at such a pace, it will only lead to more of an energy crisis than there already is. Hence, the need for renewable, clean and green energy sources is growing. In efforts to fuel this need China has set a goal to have 15% of its energy use be non-fossil-energy by 2020; wind and solar are predicted to be the largest part of this surge.

According to Marketwatch, in 2002 China consumed 2.2 billion tones of oil “equivalent” or 19.5% of the world’s total energy consumption. Investment in clean energy in China however was $34.6 billion in 2009 (up almost 150% from 2005). China’s wind power market alone has been estimated to be worth 1.5 trillion RMB (or roughly 225 Billion USD) by the year 2020. (source: Energy Research Institute of the National Development and Reform Commission.)

Investing in clean energy could see high returns, both for your pocket book and the sustainability of our earth.

Some useful resources:

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China Raises Gas Prices 10/25/2010

Bloomberg Business Week Reports: Today China has increased gas prices by 3 percent. According to the National Development and Reform Commission, the ceiling for gas prices will increase by 230 yuan or $34.50 USD per metric ton. Diesel prices will also go up by 220 yuan.

The increase is said to be in part to help China reach its energy goals (cut energy consumption per unit of gross domestic product 20% by 2020.) It is also a way to help slow down China’s economy and focus on its green energy efforts.

The price hike is also reported to affect inflation, although it is predicted that the overall affect on prices will not be much. Picture Source

Bloomberg’s Full article

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