The Future: six drivers of global change Part 147

352 it will invest almost $500 billion in clean energy

Esther Tanquintic-Misa, "China Leads Global Investments in Renewable Energy," IB Times, December 5, 2011, http://au.ibtimes.com/articles/261083/20111205/china-leads-global-investments-renewable-energy.htm#.UFJWkhg-KP0.

353 Chinese make use of "feed-in tariffs"

Coco Liu, "China Uses Feed-in Tariff to Build Domestic Solar Market," ClimateWire, September 14, 2011.

354 subsidy plan that worked extremely well in Germany

Cristoph Stefes, "Room for Debate-The German Solution: Feed in Tariffs," New York Times, September 21, 2011.

355 renewable energy percentage targets on utilities

Pew Charitable Trusts, "Global Clean Power: A $2.3 Trillion Opportunity-Appendix: China," December 8, 2010, p. 48.

356 targets for the reduction of CO2 emissions per unit of economic growth

Bill McKibben, "Can China Go Green?," National Geographic, June 2011.

357 "miracle will end soon, because the environment can no longer keep pace"

"The Chinese Miracle Will End Soon," Der Spiegel, March 7, 2005.

358 factories and even blackouts in order to ensure that the goals were met

Jonathan Watts, "China Resorts to Blackouts in Pursuit of Energy Efficiency," Guardian, September 19, 2010.

359 central government has linked promotions

Alexandre Kossoy and Pierre Gioan, World Bank, "State and Trends of the Carbon Market 2012," May 2012, pp. 9699, http://siteresources.worldbank.org/INTCARBONFINANCE/Resources/State_and_Trends_2012_Web_Optimized_19035_Cvr&Txt_LR.pdf.

360 exports 95 percent of the solar panels it produces

David Pierson, "China Offers Measured Response to U.S. Tariffs on Solar Panels," Los Angeles Times, March 21, 2012.

361 50 percent of all the windmills installed globally were in China

Global Wind Energy Council, "China Wind Energy Development Update 2010," 2010, http://www.gwec.net/china-wind-energy-development-update-2012/.

362 connected to lines that cannot handle the electricity flow

Mat McDermott, "One Quarter of China's Wind Power Still Not Connected to Electricity Grid," TreeHugger, March 7, 2011, http://www.treehugger.com/corporate-responsibility/one-quarter-of-chinas-wind-power-still-not-connected-to-electricity-grid.html.

363 "almost the equivalent of rebuilding"

Jeff St. John, "HVDC Grows on the Grid from China to Oklaunion," August 28, 2012, Greentech Media, http://www.greentechmedia.com/articles/read/hvdc-grows-in-smart-grid-from-china-to-oklaunion/.

364 the Middle East to large electricity consumers in Europe

Beth Gardiner, "An Energy Supergrid for Europe Faces Big Obstacles," New York Times, January 16, 2012.

365 Mexico can easily provide all of the electricity needed

Thomas L. Friedman, "This Is a Big Deal," New York Times, December 4, 2011.

366 India

Brad Gammons, "India Set to Leap-Frog Ahead with 'Smart Grid' Energy Strategy," International Business Times, September 8, 2011.

367 Australia

Fran Foo, " 'EnergyAustralia' Bags $93m Smart Grid Contract," Australian, October 8, 2010.

368 more than $200 billion per year

National Energy Technology Laboratory, "Modern Grid Benefits," 2007, p. 14, www.netl.doe.gov/smartgrid/referenceshelf/whitepapers/Modern%20Grid%20Benefits_Final_v1_0.pdf.