Chinese policy-makers focus on solar installations as uncertain political support for renewables dampens US & EU investment
Renewable Energy Technology
China will continue to lead the world’s renewable energy markets, according to the latest report. Having quadrupled its solar capacity target to 50GW by 2020 and begun an accelerated domestic installations programme, the BRIC country looks set to continue its domination of the global renewable energy market, according to Ernst & Young’s latest quarterly global Renewable energy Country Attractiveness Indices report (CAI).
The indices provide scores in 40 countries for national renewable energy markets, renewable energy infrastructures and their suitability for individual technologies. During Q2 2012, China remained at the top of the All Renewable Index (ARI).
During the same period, the US dropped 1.5 points, to share second position with Germany. This was due to ongoing uncertainty over the country’s long-term renewable energy strategy and a failure to indicate if there will be an extension to the critical Production Tax Credit (PTC) for wind projects. The drop in the US score coincided with Germany gaining a point. It said this is the result of the German government’s proactive approach to addressing barriers to offshore wind development and creating stability in the solar sector.
If interested in discussing energy matters, you can contact Court Rich, director of Rose Law Group’s Renewable Energy Implementation Department, firstname.lastname@example.org