China Needs To Spend $190 Billion To Hit Renewable Targets

China’s ambitious alternative energy goals could cost $190 billion accoding to their National Energy Bureau chief Liang Zhipeng, who spoke at the Renewable Energy Finance Forum in Beijing.

China wants to get 15% of its energy from renewable sources by 2020, and 10% by 2010. That means Liang anticipates spending almost $17 billion annually on renewable energy projects in the coming decade.

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