Science Can Help Achieve Goal of Increasing Non-fossil Fuels Energy Consumption to 15 Percent by 2020
SHANGHAI May 14, 2013
DuPont today published a report on the challenges and opportunities to secure China's energy future at the SNEC 7th International Photovoltaic Power Generation Conference & Exhibition.
Written in collaboration with FORTUNE magazine's Content Marketing and Strategies Group, the report examines China's increasing demand for energy, the key challenges for the Chinese energy sector, the government's "all of the above" energy strategy that includes conservation, and the sustainable exploitation of energy sources, such as fossil fuels, hydro, nuclear and key renewables such as solar. The report explains how DuPont is working with government and private-sector partners in China to help develop sustainable energy solutions.
"DuPont has been using science and collaborative problem-solving to improve the quality of lives for more than two centuries," said DuPont Greater China President Tony Su. "We look forward to helping China deploy energy technologies that will underpin the health, safety and prosperity of its citizens for decades to come."
According to the report, urbanization has major implications for China's energy industry. China's gross domestic product (GDP) is expected to quintuple between now and 2050, creating extraordinary growth in energy consumption and reshaping international energy markets, according to the International Monetary Fund (IMF). Voracious Chinese demand is likely to boost energy prices and stimulate scientific innovation across the global energy sector.
China recognizes that sustainable development is not possible without clean, renewable energy. Currently 91 percent of the country's total energy portfolio comes from fossil fuels. The government, however, recently committed to achieving 15 percent of total energy consumption from non-fossil fuels by 2020, and has led the world with $52 billion in clean-energy investment in 2011, according to the United Nations. It is one of the world's largest wind-power producers and a leader in solar technology.
The report points out that science-based innovation will help make China's consumption of valuable energy resources more efficient, and spur development of viable, sustainable energy solutions that require collaboration between scientists and policymakers, communities and private sectors.
The report also calls on those with a stake in meeting China's energy needs to work together to create the policy environment and funding mechanisms that can transform scientific innovations into viable new energy resources. Energy solutions are truly sustainable only when they are economically feasible as well as environmentally sound. Applied science can help make renewable options economically viable, so that China is not forced to choose between sustainability and economic security.
In China, DuPont has been working closely with its partners to create solutions in order to lessen the dependency on fossil fuel while improving energy efficiency. For example, DuPont provides key materials for solar panels to Chinese manufacturer Yingli Green Energy Company to help them increase the power output and lifetime of solar panels to reduce overall system costs for solar energy. A renewably sourced material called DuPont™ Sorona® has been introduced by DuPont and adopted by K-Boxing, a popular domestic men's apparel. DuPont also has partnered with Chery Automotive, a Chinese auto manufacturer, to help create lighter, more fuel-efficient car engines, significantly reducing the energy consumption of cars and improving fuel economy.
DuPont (NYSE: DD) has been bringing world-class science and engineering to the global marketplace in the form of innovative products, materials, and services since 1802. The company believes that by collaborating with customers, governments, NGOs, and thought leaders we can help find solutions to such global challenges as providing enough healthy food for people everywhere, decreasing dependence on fossil fuels, and protecting life and the environment. For additional information about DuPont and its commitment to inclusive innovation, please visit http://www.dupont.com