China today is a net importer of oil. They are also a domestic producer of coal, natural gas, and renewable energy sources such as nuclear, solar and hydroelectric power.
By 2020, China expects to need 2.8 billion tons of coal and 600 million tons of crude oil per year, more than 2.5 times the amount it consumed in 2000. That means China will import 250 million tons of petroleum to meet domestic demand and will create 1.94 billion tons of greenhouse gas emissions per year, making it the largest contributor to carbon dioxide growth in the atmosphere.
For China, the dilemma is clear, fuel the economy through traditional energy sources and create negative environmental impact, or develop new energy technology focused on reusable and renewable sources and make that a significant part of the business the country does globally.
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