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Green Technology and Innovation in China

Green Technology and Innovation in China

As urbanization continues to mold China’s future as a prominent innovative global force, investments into green technology in China have expanded. As a way to increase its economical growth, China has increased its contributed toward the research and development of green technology, including renewable and solar capacity.

The green industry remains popular with consumers and innovative companies alike. Focusing on renewable resources is also a legitimate plan for companies to save money, especially when taking advantage of any government programs rewarding those businesses that reduce their environmental impact.

China’s Green Industry

As the world’s leading producer of carbon dioxide gas, China has a reputation for being less than concerned with its environmental impact. Looking to change both this viewpoint from the outside world and seeing a chance for a substantial return of investment, China will increase its yearly spending on green resources to 15%. As the population in China continues to grow and urbanization takes over, Chinese officials are concerned about the effects an increased presence will have on city infrastructures. To combat these issues, China will look into recycling, how to control air pollution, and will work to increase the use of electric powered vehicles.

Not willing to leave the project up to scientists and innovators, the Chinese government passed a law in 2012 requiring a four percent increase in energy efficiency each year. This includes vehicles, power, and clean water. The country has taken its cue from the United States and currently is the top importer of America’s green technologies, mainly in solar energy products. Its adventure into the green technology market has also helped produce viable employment for its residents. The demand for employees in the high-tech and clean sectors continues to grow and recently Henry Paulson, former US Treasury Secretary, recommended that anyone interested in building innovations in green technology should go to China.

The economic implications for China’s interest in green technology are staggering.

As it develops and implements clean technology it’s only natural that other countries who are looking to do the same will want to partner with China. A shift away from its manufacturing sector to more service based sectors (such as tourism and transportation) is also helping China make strides in the march toward clean energy. China, always known for its memorization heavy educational system, will need to experiment with new green innovations in order to make progress. Whatever the reason for its leap into green technology, the success or failure of China will have staggering impacts for the global environment: China will probably determine what happens to the planet. If it cannot decrease its carbon dioxide emissions, we will face the worst effects of climate change.

The steps taken by China to begin its transition to greener and cleaner technology should come as no surprise. As it works to build sustainable infrastructures, Western countries will look to it as a leader. China will be judged based on the success or failure of its goal of reducing its impact on the environment. In this way the future of the world, both economically and environmentally, really does rest in China’s hands.