President Obama was correct when he declared two weeks ago that the choice we face in addressing climate change is “between prosperity and decline.” The competitive advantage we stand to gain by “becoming the world’s leading exporter of clean energy” is incalculable. But, as China’s rapid expansion of its solar and wind industries shows, the competition is fierce and we’re already behind the curve. Chinese officials said yesterday that the giant nation will far exceed its 2020 wind and solar targets. They expect to more than triple their wind capacity goal, resulting in 100 gigawatts of wind power by 2020, and surpass by five to tenfold the target set for solar. These are sobering numbers. Obama said, “The nation that leads the world in creating new energy sources will be the nation that leads the 21st-century global economy.” We have some serious catching up to do.
China has more than tripled its target for wind power capacity to 100 gigawatts by 2020, likely making it the world’s fastest growing market for wind energy technology, state press said yesterday.
China is aiming for an annual wind power growth rate of 20 percent for the foreseeable future, Feng Junshi, an official with the National Energy Administration, told a Beijing conference, according to the China Daily.