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China Makes 15-year, $180B Commitment toward Renewable Energy
In China, leaders of the rapidly growing nation dogged by soaring energy needs and unrelenting pollution problems made a commitment to double the nation’s use of renewable energy resources within the next 15 years.
China’s National Development and Reform Commission (NDRC) said in November, that the government will spend as much as $180 billion on renewable energy over the next 15 years in an effort to increase renewables' share of primary energy consumption from 7 percent to 15 percent by 2020. Already, China has installed solar power in 700 remote, off-grid towns at a cost of $600 million. As many as 30 million Chinese residents live without power.