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China is at a crossroads in its greentech development, needing to move beyond targets and focus on tangible, measurable results in order to solve growing pollution challenges. Targets specified in the current 12th Five-Year Plan are being outpaced by the impact of rapid growth and urbanisation, despite China investing over US$67 billion in greentech during 2012, the largest amount in the world. China’s new leadership has repeatedly voiced both concern and commitment to change which, coupled with growing public concern, marks a historic opportunity for China to reverse environmental degradation while maintaining economic growth.
The China Greentech Report 2013, released by the China Greentech Initiative (CGTI), is the fourth annual update of recent developments in the greentech sector in China. CGTI, founded in 2008, is the only Chinese-international collaboration platform of 100+ commercial and policy organisations, focused on identifying, developing and promoting green technology solutions in China. PwC was the sole strategic partner of the initiative and has provided substantial resources to the creation of this study and The China Greentech Report 2013. The China Greentech Report 2013: China at a Crossroads highlights "Visions and Roadmaps" for realising China's goals in five greentech ecosystems:
- Challenges and opportunities to improving quality, reducing the environmental impact of buildings through integrated, replicable and measurable solutions.
- Driving growth of China's electric vehicles market through stimulating consumer demand, improving the performance of batteries, battery management systems and DC charging infrastructure at targeted pilot locations.
- Integrating planning, buildings and infrastructure in the early stages of low-carbon city development while tailoring to local characteristics in an economically and environmentally beneficial fashion.
- Promoting the growth of distributed gas and solar energy while continuing to adapt grid capabilities and flexibility, leveraging international expertise to develop unconventional gas sources, and prioritising efficiency along energy value chains.
- Developing sustainability strategies originating from an organisation's senior leadership in China, which understands government priorities, manages supply chains that considers scarce resources, and engages external stakeholders to communicate and verify sustainability efforts.