BEIJING (Commodity Online) : World’s leading energy consumers, US and China on Wednesday signed eight green energy deals to enhance cooperation in the sector.
The eight deals include aviation biofuel, distributed energy systems using natural gas as fuel, smart meters and cellulosic ethanol.
However, neither side disclosed the financial details of the deals. A series of Chinese and US companies are involved in the eight deals.
According to China’s National Energy Administration (NEA), the two countries also decided to join hands for renewable energy development.
“The two countries have big potential for collaboration in the area, the US has advanced technology, and China has a huge market”, said NEA in a statement.
Development of renewable energy is a must for China to achieve its two basic policies in energy and environment, which is to increase the use of non-fossil energy to 15 percent of primary energy consumption by 2020,and to reduce carbon intensity by 40 to 45 percent in 2020 from the 2005 levels, said NEA.
In the renewable energy sector, China will continue to focus on the development of hydro, wind, solar, and biomass energy, it said.
Analysts said Sino-US cooperation on green energy would set a good example for other countries. What's more, in terms of the world's energy market, cooperation between the two countries will help in developing new energies that can ensure global energy security
China and the US have agreed to further promote cooperation on energy conservation and environmental protection so as to generate more concrete results
The two sides will strengthen energy efficiency cooperation in aspects including buildings, industry and consumer products, under the Framework for the 10-Year Cooperation on Energy and Environment, which was signed between China and the US in 2008, officials, said at the First US-China Energy Efficiency Forum
