Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

China to Boost Renewable Power in 2013 to Curb Carbon Dependency

China, the world’s largest carbon emitter due to its dependence on coal, plans to add 49 gigawatts of renewable-energy capacity this year in an effort to boost power production without increasing its reliance on fossil fuels.

China will add 21 gigawatts of hydroelectric capacity, 18 gigawatts of wind generation and 10 gigawatts of solar, according to a statement today on the website of the National Energy Administration. The agency, a unit of the National Development Reform Commission, reported the results of a national work meeting on energy in Beijing yesterday and was attended by Zhang Ping, who heads the commission.

That will exceed other forecasts for China’s wind and solar development. The country is expected to surpass Germany to become the largest solar market by installing as much as 5.39 gigawatts of photovoltaic panels this year, according to a November report from Bloomberg New Energy Finance. The London-based research company anticipates 16.3 gigawatts of new, land-based wind capacity in China this year.

“China must develop energy in sync with the ecosystem, turning from excessive reliance on conventional hydrocarbon energy to more reliance on new and renewable energy,” according to the statement.

The world’s second-largest economy also will promote more efficient use of coal and will develop its shale-gas and coal-gas deposits and non-conventional oil and gas resources.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.