Those of us living in the United States can easily get wrapped up in the domestic energy picture, but it is important to stop and take a look at how renewables are doing in other countries too.
If you peruse a list of countries by 2008 emissions, the top emitter of carbon dioxide is currently China, followed closely by the U.S. China accounts for 23.5% of world emissions, and the U.S. is responsible for 18.27%. However, the good news is that China’s renewable-energy industry is currently on the upswing due to supportive government policies and generous subsidies; so much so that they’ve achieved the height of the world’s wind and solar industries. We’ve all heard the phrase, “Everything is made in China.” The U.S. does import many goods from China, but a report released this week titled, “Advantage America” analyzed trade between the two countries in solar, wind and smart-grid technology and services in 2011.
The analysis, by Bloomberg New Energy Finance and Pew Charitable Trusts, showed $6.5 billion in renewable energy technology and services traded between the U.S. and China. But the U.S. sold $1.63 billion more to China than it imported.
It’s good to see both countries making such strides in renewable energy. Oftentimes, the countries are perceived as being in competition with one another, but a more accurate picture would be that they are interdependent. The bottom line is that both countries should be doing as much as possible to focus on renewables, especially considering they’re the top two carbon dioxide emitters on the planet. And the global interest and investments in renewables doesn’t stop there.
Saudi Arabia, a country with the world’s second largest oil reserves, is beginning a green revolution. This week, Saudi King Abdullah revealed ambitious plans to develop renewable energy programs that will produce 54,000 megawatts of electricity by 2032 as part of a strategy to save 1.2 million barrels of their oil per day for export.
King Abdullah City for Atomic and Renewable Energy (KA-Care) is a strategy paper set up by King Abdullah in 2010 to develop alternative energy sources so the country won’t have to burn millions of barrels of oil a year on power generation. KA-Care outlines the preliminary phases of the kingdom’s agenda for its energy future and focuses on thermal solar, photo-voltaic solar, wind, geothermal and waste-to-energy. Much of the desert landscape in the Persian Gulf is well suited to solar energy production; a fact that has not escaped the Saudi’s neighbor, the United Arab Emirates (UAE).
The UAE, with 8% of the world’s proven oil reserves, has also embarked on a major renewables program, which focuses on nuclear and solar energy production. By taking a look at the global energy picture, we see that even those countries with vast fossil fuel resources recognize the finite limitations of their reserves and the importance of investing in sustainable energy projects, which is great news in the fight against climate change. Every country on the planet contributes to climate change, and every country will have to do their part in order to pave the way to a sustainable energy future.