China Plans A New Energy Future

China’s State Grid Envisions Global Wind-and-Sun Power Network; Chairman says network could be running by 2050; concern over vulnerabilities could weigh on interest

Brain Spegele, March 30, 2016 (Wall Street Journal)

“…[China’s State Grid Corp.] has big plans for the world: a $50 trillion global power network that harnesses Arctic winds and equatorial sunlight…[It says] a new global electricity network is the world’s best bet for overcoming resource scarcity, and limiting the effects of pollution and climate change…[It] could be running by 2050 and would tap advanced technology for renewable solar and wind resources…The $50 trillion estimated price is nearly twice the economic output of the U.S. and China combined…Doubts [about who could pay] aside, State Grid’s vision has piqued the curiosity of the global energy sector…[because it] is straightforward and much of it is technically feasible…With advances in renewable power and transmission technology, the world will soon be able to tap electricity from huge solar power bases around the equator and wind stations in the Arctic…Special high-efficiency power lines would then transmit the electricity to users in Asia, Europe, North America and elsewhere…” click here for more

click to enlarge

Tweet