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Renewables to contribute half of China’s new power generation capacity growth by 2030

More than half of China’s new power generation capacity growth by 2030 will be from renewable sources. By that time the installed renewable capacity will be equal to that of coal. Coal-fired power generation capacity will decrease from 67% in 2012 to 44% in 2030 though in absolute terms will continue to grow by 25GW/yr – still almost one-third of new construction and equal to two large coal plants every month. Renewables including hydro will increase from 27% to 44% in 2030 at 47GW/yr.

bloomberg-newenergyfinance

Source: Bloomberg New Energy Finance. Note: Pumped hydro excluded.

This means that China is going to invest a lot in its renewable energy infrastructure, but that the need for cleaner coal-fired power generation technologies will continue to grow as well.

For more details please read the full report by Bloomberg – New Energy Finance: The Future of China’s Power Sector

CAS supports 5 new centres of excellence for joint research with developing countries

logoThe Chinese Academy of Science (CAS) invested US$6.5 million over the next three years in five CAS-TWAS (The World Academy of Science) Centres of Excellence accommodated within institutes of CAS. The funding will support joint research projects to build scientific strength and drive innovation in the developing world.

The TWAS is the international science academy that aims to promote scientific excellence and capacity in the South for science-based sustainable development. CAS is hosting the TWAS Regional Office for East & Southeast Asia in Beijing and this year CAS-president Bai Chunli was elected as the new TWAS president, becoming the first Chinese national to take up this position.

The new centres will focus on five areas:

  1. climate
  2. water
  3. biotechnology
  4. green technology
  5. space technology for disaster mitigation

They were selected out of 22 CAS-TWAS Centres of Excellence based on peer review of their previous cooperation with TWAS and other developing countries, and their research capacity. Each centre will offer a range of educational and training opportunities for scientists and engineers from the developing world, with the goal of advancing research, exchanging knowledge and building global networks.

The CAS additional funding will also be used for organising workshops, training and PhD programmes through the existing wider network of CAS-TWAS Centres of Excellence and the TWAS-UNESCO Associateship Scheme at Centres of Excellence in the South. This will allow TWAS centres to go beyond their usual three-month exchanges of researchers. The first scientific workshops at the centres started in August and more are planned for September this year.

For further details, see the summary of the missions and work plans of the five CAS-TWAS Centres of Excellence.

Start yourself up in Hong Kong!

StartmeupHK

Invest Hong Kong, the Hong Kong government’s investment agency has launched the StartmeupHK Venture Programme 2013 and is inviting worldwide entrepreneurial applicants to submit proposals to partake in this programme.

12 Successful finalist entrepreneurs will be invited to attend a four-day programme in Hong Kong from 4-7 December.

The target group are young companies which have generated some revenue and are considering to expand into global markets by setting up in Hong Kong. The Venture Programme welcomes proposals from around the world, all sectors, both product and service providers, profit and non-profit.

Deadline for application is on or before 26 August 2013. More information at www.startmeup.hk

Hong Kong takes Asian lead in Global Innovation Index

Hong Kong has taken 1st place among Asian economies (and 7th worldwide) in this year’s Global Innovation Index (GGI). The Netherlands ranks 4th worldwide, up from last year’s 6th position. Mainland China is found further down the list, at 35 (or 8 in Asia), one lower than 2012 and six lower compared with 2011.

Excerpt from the 2013 Global Innovation Index report (Source: www.globalinnovationindex.org)

Excerpt from the 2013 Global Innovation Index report (Source: www.globalinnovationindex.org)

The GGI is released yearly by Cornell University, INSEAD and and World Intellectual Property Organization (WIPO). It provides a benchmark of the innovation capability of 142 global economies by measuring so-called innovation inputs (e.g. regulatory environment, education, investment, knowledge workers) and outputs (e.g. knowledge creation, impact and diffusion) for economies around the world.

Hong Kong’s no. 1 position derives from high marks on the input side for Infrastructure and Market sophistication (including Credit and Investment) as well as Business sophistication. Hong Kong scores generally lower on outputs, with the exception of Creative outputs. Its weaknesses lie in Human capital and research inputs and Knowledge and technology outputs. Patent Cooperation Treaty and national office resident patent applications were also listed as concerns.

With The Netherlands it’s the other way around, scoring high on outputs (2nd place) and lower on inputs (10th place)

Read the full GGI report here. More on the methodology here. More on Hong Kong’s ranking here.