| Green initiatives attracting investments |
|
| Thursday,September 10,2009 Posted: 21:45 BJT(45 GMT) |
| From:CHINADAILY Article type:Reproduced |
A new blueprint for investing in China's fast-growing green technology sector is being released today, with the authors projecting a market with a potential value of $1 trillion annually.
The report examines 125 market opportunities across seven sectors, including renewable energy, green building and clean water.
The China Greentech Report, sponsored by the China Greentech Initiative, a commercial collaboration of clean technology companies, will be unveiled at the 2009 Summer Davos in Dalian.
The 2,500-page study is the result of an 18-month open source collaborative research project between 80 foreign and domestic companies involved in China's green-tech industry. It will be available for free online in both English and Chinese.
It also details market, financial, technological and regulatory challenges in the industry, outlining a framework through which stakeholders can address them.
The report also aims to forge more collaborative partnerships between foreign investors and Chinese companies, said Randall.
Over the past couple of years, a growing number of investors, particularly from the United States, have been trying to tap into China's exploding clean-energy sector. Beijing's allocation of more than $220 billion of its $586 billion stimulus package to green projects has only amplified this interest.
At a conference held in Shanghai on Monday and Tuesday aimed at developing an eight-step program to move China's green-tech markets forward, US Senator Maria Cantwell, a Democrat from Washington, emphasized the important role companies play in combating climate change.
|
Bilateral Visits