China tops global market for clean energy - reportJanuary 9, 2017 - 15:41 AMT PanARMENIAN.Net - China's overseas investment in renewable energy projects jumped last year by 60 percent to a record $32 billion (30 billion euros), marking its leadership in the global market for clean energy, a report said, according to AFP. In 2016, China finalised 11 foreign deals worth more than a billion dollars each, and is expected to pick up the pace this year, according to the Institute for Energy Economics and Financial Analysis (IEEFA). China announced recently that it would sink at least $361 billion into renewables by 2020, key to the country's transition away from polluting coal power. "Renewable energy will be the pillar for China's energy structure transition," said Li Yangzhe, deputy head of the National Energy Administration, the official Xinhua news agency reported. Overseas investments last year ranged from lithium battery makers in Australia and Chile to an electricity distribution deal in Brazil and the building of a solar cell factory in Vietnam. China now owns five of the six largest solar module manufacturing firms in the world, according to the report. On the domestic front, the world's second largest economy had already emerged as a renewables powerhouse, outstripping the United States. China poured more than $100 billion in domestic renewable energy -- wind, solar, hydro -- and related sectors in 2015, more than double the US investment, according Bloomberg New Energy Finance. "The US is already slipping well behind China in the race to secure a larger share of the booming clean energy market," said IEEFA director Tim Buckley. "With the incoming (US) administration talking up coal and gas, prospective domestic policy changes don't bode well," he said in a statement. Related links: Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. |