Report: Renewables could make up half of China's new capacity by 2030

08/27/2013 | Bloomberg

China may install up to 1,583 gigawatts of new capacity by 2030 and renewable energy is expected to account for half of that, according to a report by Bloomberg New Energy Finance. China could draw in up to $1.4 trillion in investments for renewable energy by 2030, but coal is expected to maintain its dominance with 58% of total capacity, down from 72% in 2012, BNEF said. "More support for renewable energy, natural gas and energy efficiency will be needed if China wants to reduce its reliance on coal more quickly," said Jun Ying, BNEF's head of research for China.

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