China has become one of the world's largest markets for alternative energy and developed countries including the US are keen for their companies to secure a slice of the sector, valued at as much as US$1 trillion (Dh3.67tn).
While several coal-fired power stations are launched each month in China, which has overtaken the US to become the world's largest producer of carbon dioxide emissions, Beijing has put a priority on adding renewable energy sources and said they should satisfy 15 per cent of its power requirements by 2020.
China's national energy administration has produced a plan valued at 3tn yuan (Dh1.61tn) to stimulate wind, biomass, solar, nuclear and clean-coal energy, and part of the stimulus package launched after the global slump has been dedicated to renewable energy.
Gary Locke, the US commerce secretary, recently called on China to purchase foreign renewable energy technology if it was the best available, following concerns that preferences for locally made technology are shutting out overseas firms.
Between 2004 and 2008, the market share of foreign firms in China's wind turbine market slumped from 75 per cent to less than 25 per cent.
Mr Locke said China should choose "the best technology" rather than buy something that was "not quite as good" and later be forced to buy new technology.
But there have also been concerns that foreign companies have been reluctant to transfer green technology to China amid fears they will lose their competitive advantage. China is said to be keen to secure products such as advanced components for wind turbines and nuclear reactors, areas where its own technology lags that in the US.
business@thenational.ae
Company%20Profile
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The lowdown
Bohemian Rhapsody
Director: Bryan Singer
Starring: Rami Malek, Lucy Boynton, Gwilym Lee
Rating: 3/5
Company%20Profile
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Company%20Profile
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COMPANY%20PROFILE
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Coming 2 America
Directed by: Craig Brewer
Starring: Eddie Murphy, Arsenio Hall, Jermaine Fowler, Leslie Jones
3/5 stars
Spider-Man: No Way Home
Director: Jon Watts
Stars: Tom Holland, Zendaya, Jacob Batalon
Rating:*****
'Jurassic%20World%20Dominion'
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COMPANY%20PROFILE
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SERIES INFO
Cricket World Cup League Two
Nepal, Oman, United States tri-series
Tribhuvan University, Kathmandu
Fixtures
Wednesday February 5, Oman v Nepal
Thursday, February 6, Oman v United States
Saturday, February 8, United States v Nepal
Sunday, February 9, Oman v Nepal
Tuesday, February 11, Oman v United States
Wednesday, February 12, United States v Nepal
Table
The top three sides advance to the 2022 World Cup Qualifier.
The bottom four sides are relegated to the 2022 World Cup playoff
1 United States 8 6 2 0 0 12 0.412
2 Scotland 8 4 3 0 1 9 0.139
3 Namibia 7 4 3 0 0 8 0.008
4 Oman 6 4 2 0 0 8 -0.139
5 UAE 7 3 3 0 1 7 -0.004
6 Nepal 0 0 0 0 0 0 0
7 PNG 8 0 8 0 0 0 -0.458
MATCH INFO
Europa League semi-final, second leg
Atletico Madrid (1) v Arsenal (1)
Where: Wanda Metropolitano
When: Thursday, kick-off 10.45pm
Live: On BeIN Sports HD
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The%20Specs
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The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
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The Perfect Couple
Starring: Nicole Kidman, Liev Schreiber, Jack Reynor
Creator: Jenna Lamia
Rating: 3/5
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
COMPANY%20PROFILE
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Company%20profile
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