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FACTBOX: China climate push joins cleantech ambition

China's president Hu Jintao on Tuesday laid out a new climate change plan to rein in growth of carbon emissions for the world's largest emitter of greenhouse gases.
/ Source: Reuters

China's president Hu Jintao on Tuesday laid out a new climate change plan to rein in growth of carbon emissions for the world's largest emitter of greenhouse gases.

Behind Beijing's stepped-up commitment to fighting climate change lies a fast-growing clean energy and technology industry. Here are some facts and figures:

* China has not said officially how much it will spend on renewable energy, but it plans to generate 10 percent of its energy from renewable resources by 2010 and 15 percent by 2020 to help meet its growing energy appetite.

* China currently generates around 800 gigawatts (GW) of electricity per year, mostly through coal-fired plants, and that output is expected to grow 10 percent per year.

* China aims to boost wind-generated power to 100 GW by 2020 with investments possibly worth over $150 billion, which will likely make it the world leader in wind energy.

* Solar power capacity should rise to at least 10 GW by 2020, with investment worth over $10 billion. China and the United States are expected to be the biggest markets for solar after Europe got off to early start.

* Chinese state and local financing have helped China quickly develop clean energy projects during global economic downturn.

* China's overall power mix in 2020 will still be dominated by coal and oil, accounting for 70 percent to 80 percent of the total.

* Even with the heavy reliance of oil and coal, China's energy demands are so large that renewable energy investment could easily surpass Europe's.

* The Chinese government plans to announce official renewable energy targets in December.