Friday, April 1, 2016

RT — China proposes $50tn global renewable energy network

The company running China’s power grid is proposing a $50 trillion global electricity network to tackle pollution and climate change. If it goes ahead the network would use advanced renewable solar and wind technology and be operating by 2050.

Beijing’s network will be the world’s biggest infrastructure project, if given the green light. The State Grid has already signed a memorandum of understanding with the Russian energy grid Rosseti, Korea’s Electric Power and SoftBank Group of Japan.
According to State Grid’s Chairman Liu Zhenya, the planet is facing "three major challenges", which are energy scarcity, environmental pollution and climate change.
Liu added that smart grids, ultra-high voltage (UHV) grids and clean energy are the only way to a green, low carbon, economical, efficient and open energy system with sustainable supply.
Liu also said the global network could boost the share of clean energy to 80 percent of global consumption, displacing fossil fuels as the main energy source.
"China is already the biggest country in the world for wind, solar power generation and also UHV grids. And has scale, so we can learn many things from China's success. Also, by interconnecting, we can help each other on supply and demand,"SoftBank CEO Masayoshi Son told the Global Times.…


Random said...

export-import bank = corp welfare

What is up with these HRC supporters?

Ryan Harris said...

Yep. Lots of big projects in the works in the west too, less centralized but no less audacious.