China to invest $100 billion in renewable energy

Some were already impressed by the $ 2 billion that the US government is investing in the hydrogen economy but the Chinese seem to surpass this effort. The Chinese government plans to raise the installed capacity for renewable electricity to 10 percent by 2010 and 16 percent by 2020. Looking at these percentages one has to keep in mind that in China the consumption of energy has grown at an average rate of over 10% per year for 5 years, thus doubling every 7 years !