Is China’s government committed to green energy?
Panelists agreed on the real commitment of the government on this aspect and how important it is for the environment, considering that the United States is four times more efficient with their energy use than China. Or Japan, which is seven times more efficient. Another thought is that the Chinese aim of reducing their greenhouse gas emissions 20 percent would represent an amount equivalent to the total annual emission of Germany. The efforts of the Chinese government were praised by their underlining the fact that four out of the seven industries being promoted at the moment by the state are green-tech. About this necessary change, Anders Brendstrup stated that it “is something that will happen step by step and sector by sector.” They also gave an overview of how important and how much these companies rely on governmental subsidies granted by the Chinese government “in order to attract foreign knowledge and learn more about their practice.” What are the main challenges for investors?
