ENERGY INVESTMENTS NEEDED FOR CHINA CLIMATE COMMITMENT EQUIVALENT TO 1000 NUCLEAR PLANTS
Analysis of the energy investments required for China to meet the targets established in the deal reached between the United States and China on November 12 indicates that the country will need 67 times more nuclear energy, 30 times more solar, or 9 times more wind energy than it is projected to have at the end of 2014. This equates to about "1,000 nuclear reactors, 500,000 wind turbines or 50,000 solar farms." These investments are expected to cost $2 trillion. Since 2013, China has been the largest producer of wind and solar energy, and the continued, rapid transition to cleaner sources of energy to reduce air pollution is a major demand of the country's growing middle class. Bloomberg New Energy Finance reports that achieving these levels of clean energy development require China to install "the clean energy equivalent of Spain's entire generating capacity each year until 2030." For the full story, see: http://www.bloomberg.com/news/2014-11-21/latest-china-revolution-seeks-great-leap-for-clean-energy.html. Earlier: http://elr.info/international/international-update/us-china-climate-deal-brings-world-closer-limiting-warming-2-degr.