Renewable Energy
China's rapid GDP growth and rising living standards translate to higher energy use. The country's electricity use increased by 150% in the first decade of the twenty-first century. Most of China's energy consumption are in the from of coal and petroleum: China currently is the largest importer of Middle Eastern oil, and rely heavily on exported coal from Australia and Indonesia. Concerns about energy security, power capacity shortages, and air pollution are all adding urgency and pressure to switch to renewable energy and increased energy efficiency. Climate change also adds to the pressure: China is currently the largest emitter of carbon dioxide in the world, and has twice the carbon intensity for each unit of GDP compared to the United States.
China's environmental problems stemming from a deteriorating natural resource base, dense population, heavy reliance on soft coal, outmoded technology, under-priced water and energy, and breakneck industrial growth. The World Bank estimates that air and water pollution cost the Chinese economy up to eight percent of GDP. In response, the government has unleashed a burst of environmental legislation and shut down thousands of small and inefficient factories. Still, local enforcement of environmental laws is uneven, investment in pollution control infrastructure inadequate, and competition from domestic firms increasingly strong.
China's need for clean energy spells opportunities for companies in the renewable energy industry: Sinautec has experience working with Chinese companies in the PV solar, wind turbine OEM, biomass electricity generation, coalbed methane, lilthium-ion battery, and the ultracapacitor industries. Furthermore, we are part of a larger network of professionals and engineers that can provide business solutions to companies doing business in China.
