By DAVID HIRSCHMANSource Associated PressReleaseMarch 10, 201912:55PMBEIJING (AP)China will launch 100 percent renewable energy technologies by 2022 and use the same technology in every house by the end of the century, the country’s top solar company said Thursday.
The world’s second-largest economy is also considering an ambitious goal of halving greenhouse gas emissions by 2050, and hopes to make solar the primary source of power by then.
Solar’s growth has surged in recent years, fueled in part by a surge in demand from cities that want to reduce air pollution, and the government’s efforts to encourage people to use solar power.
It now accounts for about 10% of China’s electricity generation, up nearly 40% from 2010, according to state-run Xinhua News Agency.
The goal is a big step forward for the solar industry, which relies on the sun’s energy to power its equipment.
It also reflects the ambition of President Xi Jinping and his Communist Party, which has pledged to push solar to replace coal and nuclear power by the middle of the decade.
China has made big strides in the past few years, making significant investments in solar power, but is still struggling to make the switch to a 100% clean energy system.
The Communist Party has taken a much harder line on greenhouse gas reduction than other developed countries, saying it would be more difficult to reduce carbon dioxide levels in a climate change-damaged world.
The Chinese government has not yet announced plans for the 2022 target, which would be followed by a 2040 target.
The Xinhua report did not give a specific number for the target, but Xinhua said it would require more than a trillion yuan ($1.2 trillion).
China plans to deploy 1.5GW of solar power capacity by 2020 and is investing a total of 20 trillion yuan to support the sector, Xinhua reported.
In addition to investing in solar, the government has made other investments in energy storage, solar electric vehicles and battery research.