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Old April 4th 11, 02:01 PM posted to rec.radio.shortwave
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Default China leads the way in renewable enrgy

On 04/04/2011 02:50 AM, RHF wrote:


No Since China ans Soon India will be Surpassing
the USA Europe and Japan in GHG / CO2 Pollution :
They Too Should Be Required to Stop / Not Start [.]
IT IS A GLOBAL PROBLEM : NOT A USA ONLY PROBLEM


http://washingtonexaminer.com/news/b...ble-energy-use

China is beating the U.S. in the race to supply clean-energy
technologies to the world, helped by a government bank whose advisers
include Henry Kissinger.

China Development Bank Corp., which listed the former U.S. secretary of
state as an advisory board member in a 2010 bond prospectus, agreed last
year to lend $35.4 billion to Chinese wind and solar power companies.
The U.S. gave about $4 billion to their American competitors in grants
and offered about $16 billion of loan guarantees. Adding in private
investment, China also led.

CDB, which has almost twice the assets of the World Bank, is matching
U.S. expertise with Chinese financing and manufacturing prowess to
dominate a market both nations say is critical to their future. Chinese
solar-panel makers such as LDK Solar Co. Ltd. were the biggest loan
recipients and for the first time last year supplied more than half the
global market, according to Bloomberg New Energy Finance, which began
its annual conference Sunday in New York.

"What China's doing is really smart," said Jon Anda, vice chairman of
UBS AG's securities unit in Stamford, Conn. "Without a clear policy
path, we'll get crushed."
 
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