World s second largest energy user China has speeded up efforts to develop more clean energy after investing $738 billion for the purpose over a decade.
In a laboratory in northern China, technicians are breeding billions of micro-organisms in test tubes to create enzymes-proteins that can turn plant waste into clean-burning biofuels.
The facility near the port city of Tianjin belongs to Novozymes, a Danish biotechnology company and one of a growing number of foreign firms in China benefiting from Beijing's massive investment in green energy.
Beijing has pledged to spend $738 billion developing clean energy over the next decade as it seeks to meet a target of generating 15 percent of its energy from renewable sources-mainly wind and water-by 2020.
The money will be used to develop alternative energy such as nuclear power, wind and biomass.
China leapfrogged the United States to become the most attractive market for renewable investment this year, the global accounting firm said in a report published this month.
It was also the most attractive market for investment in wind power after Beijing announced plans to launch 90,000 mega-watts of wind capacity by 2015.
Analysts said Beijing's pledge last year ahead of global climate talks in Copenhagen to reduce carbon intensity-the measure of greenhouse gas emitted per unit of economic activity-by 40-45 percent by 2020 based on 2005 levels has been a beacon to foreign companies.
In a laboratory in northern China, technicians are breeding billions of micro-organisms in test tubes to create enzymes-proteins that can turn plant waste into clean-burning biofuels.
The facility near the port city of Tianjin belongs to Novozymes, a Danish biotechnology company and one of a growing number of foreign firms in China benefiting from Beijing's massive investment in green energy.
Beijing has pledged to spend $738 billion developing clean energy over the next decade as it seeks to meet a target of generating 15 percent of its energy from renewable sources-mainly wind and water-by 2020.
The money will be used to develop alternative energy such as nuclear power, wind and biomass.
China leapfrogged the United States to become the most attractive market for renewable investment this year, the global accounting firm said in a report published this month.
It was also the most attractive market for investment in wind power after Beijing announced plans to launch 90,000 mega-watts of wind capacity by 2015.
Analysts said Beijing's pledge last year ahead of global climate talks in Copenhagen to reduce carbon intensity-the measure of greenhouse gas emitted per unit of economic activity-by 40-45 percent by 2020 based on 2005 levels has been a beacon to foreign companies.
