The global clean-tech summit 2016 is underway in Beijing. The two-day event serves as a platform that connects policy makers, businesses, financiers and think-tank to accelerate cleantech development in China.
Finding a way out for a greener environment tomorrow.
"we could deal with the problems of deforestation..lack of energy efficiency..not only possible but a exciting opportunity for everyone," CEO of The Climate Group Mark Kenber said.
The Chinese cleantech market has abundant opportunities. It spent over 100 billion US dollars in clean energy investment in 2015.
"We see it as a strong opportunity more and more will leverage easy access to technology nowadays and relatively easier for financing too, 10 years ago was different. Today we have crowd funding...technology makes it easier as well," Joachim Jake Layes, director of Global Cleantech and Enterpreneur Impact, said.
Government also plays a pivotal role in ensuring the success.
"We need to support clean-tech from all aspects, including the legislature or energy conservation. Then we need to issue supportive policies, such as offering tax reduction to support sustainable projects. Last but not least, the central government needs to have a strategic plan, and to identify selected regions to further develop green technology," Wang Yi, vice president of Institute of Science & Development, CAS, said.
Data show China's emissions declined by 1.5% in 2015, as coal use dropped for the second year in a row.
And the adoption of low carbon energy sources jumped from 19% to 29%, with the bulk going to hydro and wind power.
"I think some of the recent changes to environmental policy particularly with respect to liability issues and the ability of third parties for example to bring legal action against polluters..it will fundamentally changed the dramatics here," Kenneth M Stong, managing partner of Global Acceleration Partners, said.
However compelling economic and environmental returns will only be available when the right public private partnerships are formed and smart investments made.