China has become the second largest global hot spot for new energy investment

According to a survey released by the global consulting firm KPMG on the 8th, the United States, China, and India will be the top three destinations for mergers and acquisitions in the global renewable energy industry.

According to a survey conducted by 500 executives related to new energy sources in the world, 53% of respondents targeted the United States, 38% selected China, 35% selected India, followed by Germany and the United Kingdom.

The survey also found that China’s role in the global new energy field has become increasingly important. 78% of respondents expect new players in mergers and acquisitions of the renewable energy industry to come from China, 59% from North America, 42% from India, and 41% from Western Europe.

With the rise in oil prices and the nuclear crisis in Japan, renewable clean energy such as solar energy, wind energy, bioenergy, and tidal energy has become more popular among investors. According to the survey, in the first quarter of this year, the amount of global renewable energy mergers and acquisitions reached 11.2 billion U.S. dollars, which has doubled from the same period of last year.

The annual assessment report issued by BP Petroleum Company on the 8th showed that China surpassed the United States in 2010 and became the world’s largest energy consumer. China’s coal consumption accounts for 48% of the world’s total, while the US is still the world’s largest oil consumer, accounting for 21%. %, which is twice the consumption of China's oil.

This data highlights the importance of strengthening Sino-U.S. cooperation in the field of renewable clean energy. Since he took office, Chinese Minister of Energy and Energy Zhu Xiwen and Chinese American Commerce Secretary Gary Locke have both promoted US-China clean energy cooperation as the focus of international cooperation. China and the United States have signed a ten-year framework for energy cooperation, and many concrete projects have been developed.

At the same time, in order to seize the commanding heights of new energy sources, various countries have formulated support policies, but they have also created new trade disputes. The United States sued China to the WTO for subsidizing wind power equipment manufacturing and demanded that it initiate negotiations. US Trade Representative Kirk announced on the 7th that China agreed to stop subsidies for wind energy equipment manufacturing.