China leads world in green tech

China leads world in green tech

Summary: China's green tech industry raked in $63.9 billion last year, making the Asian giant the world's leading green IT producer in terms of revenue.

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TOPICS: China, Emerging Tech
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China's green tech industry raked in $63.9 billion last year, making the Asian giant the world's leading green IT producer in terms of revenue, according to a study released Monday.

The study, commissioned by the World Wildlife Fund for Nature (WWF), also revealed that the China ranked second only to Denmark in terms how much the green technology sector contributes to a country's gross domestic product (GDP). This market segment contributed 1.4 percent of China's GDP, compared with Denmark's 3.1 percent where the green tech industry generated revenues totaling 6.5 billion euros $11.7 billion, noted the study.

WWF economist Donald Pols notes that green IT growth in the U.S. has been substantial, at 28 percent per year, since 2008 but cannot compared with China where climate change is not an ideological issue but a fact of life. He noted that the U.S. green tech market generated revenues worth $56.7 billion and was ranked 17th worldwide in terms of the market's contribution, at just 0.3 percent, to the country's GDP.

For more on this story, read China top in green tech money on ZDNet Asia.

Topics: China, Emerging Tech

Liau Yun Qing

About Liau Yun Qing

The only journalist in the team without a Western name, Yun Qing hails from the mountainy Malaysian state, Sabah. She currently covers the hardware and networking beats, as well as everything else that falls into her lap, at ZDNet Asia. Her RSS feed includes tech news sites and most of the Cheezburger network. She is also a cheapskate masquerading as a group-buying addict.

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7 comments
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  • What a joke

    I've been told you can't even walk down the streets of Beijing without wearing a mask due to all the air pollution.<br><br>The WWF doesn't know what it's talking about.
    ScorpioBlue
    • RE: China leads world in green tech

      @ScorpioBlue

      Actually it is dead on. China is the worlds leading producer of green tech.

      The article never stated it was the worlds leading CONSUMER of green tech.
      SlithyTove
    • RE: China leads world in green tech

      Yeah that's totally way over exaggerated. Probably by a bunch of people who's never been there but like to bash China.

      I visit maybe once every 1 or 2 years. Its not anywhere close to what some westerners say.
      8317734
    • RE: China leads world in green tech

      [i]The article never stated it was the worlds leading CONSUMER of green tech.[/i]

      And that's the biggest joke of it all.

      more lol...
      ScorpioBlue
  • RE: China leads world in green tech

    Ha...China is killing the environment to be the world leader in green tech....that is priceless!
    ewell44
  • They're so bad now, the only way left to go is up

    in terms of "going green" <br>You can't buy the models of inefficient coal burning plants they've been using anymore!
    Bill Pharaoh
  • RE: China leads world in green tech

    Is this true? I agree, pollution in China is worst than I can imagine. Maybe <a href="http://www.freehouseinfo.ca">house values</a> there are really low. Not like in <a href="http://www.apartmentsrent.ca">apartments rent</a> and <a href="http://www.hotelsinquebeccity.ca">hotels in Quebec City</a>.
    hunters.geeorge