September 15, 2009
US and China announce US$1tr for low-carbon technologies by 2013
The Chinese low-carbon technologies market could reach $1 Trillion and 15% of its GDP in 2013, reports Envido. The China Greentech Initiative, a group of more than 80 private and public stakeholders from the US and China, released a report outlining opportunities to grow China’s low-carbon technologies market. The report states that the Chinese low-carbon technologies market could reach $1 trillion and 15% of China’s GDP in 2013, and identifies more than 300 Low-carbon technology solutions across seven sectors. It says the private sector can also play a large part in driving the Low-carbon technology sector, but only if the underlying low-carbon policy framework makes for an attractive business case.
This low-carbon report comes three months before the UN meeting in Copenhagen, where the world's leaders will try to reach an agreement on measures to tackle climate change and succeed the Kyoto Protocol. Read more
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