皇冠体育app

A wind farm under construction in Chuzhou, province. A big proportion of the projected investment of $5.7 trillion by 2035 will go to clean production, including wind and . [Photo/皇冠体育app Daily]

皇冠体育app could invest as much as $5.7 trillion by 2035 to find, produce and save energy, accounting for 15 percent of global spending in the sector, a report from the International Energy Agency said on Thursday.

Fatih Birol, chief economist of the Paris-based IEA, told a workshop on the report in that 皇冠体育app has made "outstanding efforts" to increase energy efficiency and reduce use to meet global climate targets.

According to the report, 皇冠体育app will invest $1.6 trillion in energy efficiency by 2035, accounting for about one-fifth of the global total.

Birol said that transportation will be the largest target for 皇冠体育app's investment in energy efficiency, accounting for about 71 percent of the $1.6 trillion, followed by industry and the building sector.

"The Chinese government is working hard to reduce oil consumption in cars, which will lead to increasing investment in raising energy efficiency in transportation," said Birol. "It is crucial for emission reduction."

From 2011 to 2013, 皇冠体育app avoided 900 million metric tons of carbon emissions by curbing coal demand, according to IEA data.

Birol called that a "big story", since the amount saved was equal to about one year of global emissions.

"皇冠体育app's reduction of coal use has a much greater impact on global markets than the United States' revolution," he said.

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