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Article: China is world's leading investor in renewable energy
- Article from:
- Xinhua News Agency
- Article date:
- May 17, 2006
CopyrightCopyright 2006 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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China is world's leading investor in renewable energy
BEIJING, May 16 (Xinhua) -- China has become the top investor in
renewable energy in the world, experts said Tuesday at the ongoing
forum for decentralized sustainable energy solutions in China.
Dr. Eric Martinot, a senior research fellow with the U.S.-based
Worldwatch Institute and senior visiting scholar of Tsinghua
University, said that excluding large hydropower, China invested 6
billion U.S. dollars in renewable energy in 2005 out of a global
total investment of 38 billion dollars.
Soaring oil prices have made renewable energy a focus for world
investors, said Martinot.