Stacy Summary: China looks like it is deploying a Bruce Lee energy policy. With America’s overwhelming military force and spend in the Middle East securing oil reserves and the world community apparently behind or unconcerned about this frequent recourse to force, it really makes zero sense to a nation like China to devise energy policies that would see it constantly confront the angry elephant. With a goal established, it will be very interesting to see whether or not China can achieve this green energy dominance and what sort of innovation (if any) emerges.
Beijing aims to cut carbon intensity as much as 45 percent from 2005 levels by 2020 and increase the share of renewables to 15 percent of primary energy consumption. That is nearly double the current ratio and would make the country a leader in green energy manufacturing and use.