Bloomberg reported on December 30: China, the world’s biggest clean energy investor, plans to increase wind and solar power capacity by more than 21 percent next year as it works to reduce greenhouse gas emissions by cutting its reliance on coal.

The nation is targeting at least 20 gigawatts of new wind power installations and 15 gigawatts of additional photovoltaic capacity next year, the National Energy Administration said in a statement on Tuesday.

China has pledged to peak carbon emissions around 2030, by which time it aims to derive 20 percent of the energy it uses from clean sources. China will also stop approving new coal mines in the next three years, the Xinhua News Agency reported Tuesday, citing National Energy Administration head Nur Bekri.

The world’s biggest producer of carbon emissions is expected at the end of this year to have a total of 120 gigawatts of wind power, 43 gigawatts of solar, and 320 gigawatts of hydro power, the NEA said. To accommodate the clean energy additions, China will promote the construction of electricity networks, the agency said.[Continue reading…]