Chinese President Hu Jintao (胡錦濤) and US and European officials called yesterday for a sharp rise in the world's use of solar and other nonpolluting power sources as they opened an international meeting on renewable energy.
Some 1,200 delegates from 80 countries joined Chinese leaders at the Great Hall of the People, the seat of China's legislature in central Beijing, to discuss using solar power, wind energy and hydropower instead of coal and oil.
"Strengthening the development and use of renewable energies is a must for us to address the increasingly serious energy and environmental issues," Hu said in a statement that was read to the conference by Vice Premier Zeng Peiyan (曾培炎). Participants included European Cabinet ministers and US Energy Department officials.
China, the world's second-biggest producer of greenhouse gases after the US, has promoted cleaner and renewable energy in hopes of reducing air pollution from its surging fossil fuel use and the potential security risks of growing dependence on imported oil.
The government says China relies on renewable energy for 7 percent of its needs but wants to raise that to 15 percent by 2020.
"With this Beijing conference, one of the world's boom regions is sending an important signal for sustainable development worldwide and a signal for global climate protection," said Jurgen Trittin, Germany's environment minister.
Worldwide, hydroelectric dams and other renewable sources account for 4 percent of power generation, with a total generating capacity of 160 gigawatts, according to Trittin. A terawatt is 1,000 gigawatts.
By 2050, that generating capacity is expected to grow by more than eight times to 1 terawatt, said Dan Arvizu, director of the US Energy Department's National Renewable Energy Laboratory.
"But what we need is 20 terawatts," Arvizu said in a speech at the two-day conference. "We all need to do much more than any of us is currently doing."
UN Secretary-General Kofi Annan, in a statement read out at the conference, cited the potential economic benefits of renewable energy for poorer countries.
"Oil price increases which hit importing developing countries especially hard highlight the need for alternate energy supplies," Annan's statement said.
China is trying to promote cleaner energy even as it constructs dozens of new power plants to meet the demands of a booming economy that is expected to grow by 9 percent this year. Areas throughout China suffer from chronic power shortages, prompting many cities to schedule blackouts in summer to reduce the strain on their generating stations.
Hu's statement said that "China attaches great importance to ... renewable energy and takes it as one of the most important instruments for promoting social and economic development."
The government says it plans to build 31 nuclear power plants by 2020 and is constructing clusters of windmills off several areas of its east coast. In China, oil and inexpensive but dirty coal still account for most energy consumption.
"It is a pressing need for China's electricity sector to use renewable energy," said Zhou Dabing (周大兵), who is president of China Guodian Corp (中國國電集團), a government-owned power company.
"Compared to developed nations, we are lagging behind in terms of technical progress and our speed of progress," Zhou said.
Arvizu called China's target of obtaining 15 percent of its power from renewable sources by 2020 "pretty aggressive." But he said Beijing should consider setting an even higher target.
TAKING STOCK: A Taiwanese cookware firm in Vietnam urged customers to assess inventory or place orders early so shipments can reach the US while tariffs are paused Taiwanese businesses in Vietnam are exploring alternatives after the White House imposed a 46 percent import duty on Vietnamese goods, following US President Donald Trump’s announcement of “reciprocal” tariffs on the US’ trading partners. Lo Shih-liang (羅世良), chairman of Brico Industry Co (裕茂工業), a Taiwanese company that manufactures cast iron cookware and stove components in Vietnam, said that more than 40 percent of his business was tied to the US market, describing the constant US policy shifts as an emotional roller coaster. “I work during the day and stay up all night watching the news. I’ve been following US news until 3am
UNCERTAINTY: Innolux activated a stringent supply chain management mechanism, as it did during the COVID-19 pandemic, to ensure optimal inventory levels for customers Flat-panel display makers AUO Corp (友達) and Innolux Corp (群創) yesterday said that about 12 to 20 percent of their display business is at risk of potential US tariffs and that they would relocate production or shipment destinations to mitigate the levies’ effects. US tariffs would have a direct impact of US$200 million on AUO’s revenue, company chairman Paul Peng (彭雙浪) told reporters on the sidelines of the Touch Taiwan trade show in Taipei yesterday. That would make up about 12 percent of the company’s overall revenue. To cope with the tariff uncertainty, AUO plans to allocate its production to manufacturing facilities in
Six years ago, LVMH’s billionaire CEO Bernard Arnault and US President Donald Trump cut the blue ribbon on a factory in rural Texas that would make designer handbags for Louis Vuitton, one of the world’s best-known luxury brands. However, since the high-profile opening, the factory has faced a host of problems limiting production, 11 former Louis Vuitton employees said. The site has consistently ranked among the worst-performing for Louis Vuitton globally, “significantly” underperforming other facilities, said three former Louis Vuitton workers and a senior industry source, who cited internal rankings shared with staff. The plant’s problems — which have not
TARIFF CONCERNS: The chipmaker cited global uncertainty from US tariffs and a weakening economic outlook, but said its Singapore expansion remains on track Vanguard International Semiconductor Corp (世界先進), a foundry service provider specializing in producing power management and display driver chips, yesterday withdrew its full-year revenue projection of moderate growth for this year, as escalating US tariff tensions raised uncertainty and concern about a potential economic recession. The Hsinchu-based chipmaker in February said revenues this year would grow mildly from last year based on improving supply chain inventory levels and market demand. At the time, it also anticipated gradual quarter revenue growth. However, the US’ sweeping tariff policy has upended the industry’s supply chains and weakened economic prospects for the world economy, it said. “Now