The Province: “Clean-energy opportunities Abound in China, U.S. Expert tells Vancouver Crowd”
Author — Clean Energy Canada
Share: Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+Email this to someone

The Province covers our latest Low Carbon Leadership Series event in Vancouver, Greening the Dragon: How B.C. Can Cash In On China’s Clean Energy Ambitions, featuring Ethan Zindler of Bloomberg New Energy Finance. Here’s a copy of the original article by Gordon McIntyre: 

As clean energy comes closer and closer to being able to compete economically with fossil fuels, there are lots of chances to profit from renewables, especially in China, a U.S. clean-energy data cruncher said Tuesday.

Ethan Zindler, addressing a Vancouver crowd at a lunch organized by Clean Energy Canada, is no clean-energy booster, he made that clear.

“I’m an industry analyst, not an advocate,” he said.

Based in Washington, D.C., the head of policy analysis for the investment research firm Bloomberg New Energy Finance told those gathered that China’s economy is still growing at a torrid pace, creating demand for more electricity and energy of all sorts.

“Clean energy is becoming more cost-competitive with fossil fuels,” Zindler said. “But there is still important progress to be made before wind and solar can automatically be replacements for fossil fuels.”

China installed the most solar panels and the most wind turbines of any country last year, he added.

“But there are virtually no electric vehicles,” he said. “That opportunity has not been exploited yet.”

Overall, China’s growing economy creates demand for more electricity and energy of all kinds.

It’s very different than the United States, Zindler said, where demand for electricity isn’t growing.

The question in China is, how much of the new electrical demand will be supplied by fossil fuels and how much by renewable energy.

Worldwide, China represented 61.3 per cent of all new investment in clean energy in 2013, according to Zindler. The U.S. was next at 48.4 per cent (Canada was seventh at 7.5 per cent).

With many Chinese cities cloaked in smog that goes off the Air Quality Index charts, officials there have mandated that 15 per cent of energy used by 2020 comes from non-fossil fuels.

“It offers a clear-cut opportunity,” Zindler said. “Clean energy is no longer alternative, $1.5 trillion has been invested (worldwide) to date.”

Share: Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+Email this to someone

We look forward to hearing from you.

Clean Energy Canada
Suite 721, 602 West Hastings Street
Vancouver, B.C. V6B 1P2
Telephone: 604-947-2200

Please see our team page for staff email addresses.

If you are interested in supporting our work, please contact our development advisor Natasha LaRoche via

Media Enquiries

For media enquiries, please contact:

Julia Kilpatrick | Communications Director
c: 250-888-3404 | e: julia [at] cleanenergycanada [dot] org | @juliakilpat

Trevor Melanson | Senior Communications Specialist
c: 604-341-5091 | e: trevor [at] cleanenergycanada [dot] org | @trevormelanson