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Science/Tech See other Science/Tech Articles Title: China remains leading destination for clean energy investment: report WASHINGTON, April 3 (Xinhua) -- China remains the leading destination for clean energy investment in 2013 as global investment kept declining in 2013, according to a report released on Thursday. China remains the leading regional and global clean energy market, attracting 54.2 billion U.S. dollars in 2013, 6 percent lower than that in 2012, said the report by the Pew Charitable Trusts. The report said the worldwide investment in clean energy kept declining in 2013 after it reached its peak in 2011, mainly dragged down by the curtailment of incentives in Europe region, including Europe, the Middle East and Africa. Clean energy finance in the European region slid sharply for the second consecutive year, by 42 percent to 55 billion dollars. Investment plunged by 55 percent in Germany and 75 percent in Italy, said the report. Japan, Canada and non-G20 markets, however, witnessed quick investment growth. Japan experienced the fastest growth in the world by increasing 80 percent in 2013 to almost 29 billion dollars and moving to third from fifth place among G20 countries. Canada moved to seventh from 12th among the G20 as investment grew 45 percent to 6.5 billion dollars in 2013. The investment in non- G20 markets also increased by 15 percent. The report also found more solar than wind energy was installed globally for the first time in 2013. Solar generating capacity increased by 20 percent while wind capacity addition declined by more than 40 percent due to the uncertainty about U.S. policy in the wind sector. The solar will be the leading clean energy technology in both investment and capacity for the next several years, the report predicted. Editor: An XINING, March 31 (Xinhua) -- Geologists have found large masses of hot dry rock (HDR), a form of clean energy, in northwest China's Qinghai Province, local authorities said on Monday. The rocks, at least 150 square kilometers in area, were found 2,230 meters under Qiabuqia Township in Gonghe County, in the northern part of the Gonghe basin. It is the first time such a huge amount of HDR has been found in China. The HDR is usually buried 3,000 to 10,000 meters under the earth's surface. It can be used to generate clean electricity through its high temperature. The breakthrough was made by a China Geology Survey geothermal energy project, in partnership with Qinghai's department of land and resources. The project has been two years in the making. Yan Weide, dean of the provincial institute of hydrological and geological engineering investigation, said HDR is effective in easing environmental problems caused by the greenhouse effect and acid rain. The discovery will not only contribute to research on HDR, but could help China's regional energy restructuring process, said Wu Tingxiang, director of the Qinghai bureau of geology, mineral exploration and development. The amount of HDR on the Chinese mainland is estimated to equal about 860 trillion tonnes of standard coal, 260,000 times that of China's current annual energy consumption. Only a handful of countries have mastered the technology regarding power generation using HDR, including the United States, Japan and Sweden. Editor: Yang Yi Post Comment Private Reply Ignore Thread
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