Of the many factors impacting China’s development strategy, tackling pollution has quickly become a top priority. A growing sense of urgency to reduce pollution and improve quality of life in cities is compelling China to adopt a greener, smarter and more productive approach to development. Steinberg HKC provides insight on the regulatory, financing and technology changes across China’s diverse greentech markets in response to the government’s shifting priorities, and discusses how companies can best capture opportunities while supporting China in its battle against smog.
Heightened concern about pollution has also been accompanied by growth in greentech investments. China’s solar industry, in particular, is enjoying a fair share of this investment after a four-year downturn. In 2013, investments in newly installed utility and distributed solar capacity amounted to RMB 130 billion. Based on the market price of RMB 10 per watt, 2014 investments will likely meet the RMB 140 billion mark. In 2013 alone, an additional 12.9 GW (or twice the existing capacity at the end of 2012) of solar capacity was added to the grid, bringing total capacity to 19 GW by year-end, thus helping to absorb the industry’s manufacturing overcapacity.
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