The Business Opportunities Behind China’s COP 21 Pledges

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Behind China’s new pledge to reduce the carbon intensity of its economy by 60 percent, peak its emissions and generate a fifth of its electricity from clean sources by 2030 are some huge business opportunities.

Even to this point, for this proud, once-isolationist nation to arrive at making carbon reduction pledges to the international community in advance of the U.N. climate meeting in Paris later this year involved a long engagement with Western NGOs and businesses — something only likely to grow.

What does a fifth of the power generated in a country with a $17 trillion economy and 1.36 billion people look like?

“It means over the course of the next 15 years, China will install as much clean energy capacity as the entire U.S. electricity system,” said Barbara Finamore, Asia Director of the Natural Resources Defense Council who launched the NRDC’s China operations in the 1990s and been a key facilitator ever since.

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