Excerpt from: China Supply Chain and Logistics Strategy
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| February 20, 2008 | | China partners with EU to pave the way to sustainable economic era | The EU and China lead the Third Industrial Revolution to reduce carbon emission. The EU and China are committed to have renewable energy consumption by 20 percent and 15 percent respectively by 2020. Jereny Rifkin, adviser to EU and US governments and Fortune 500 companies, said “There are three essential pillars of the Third Industrial Revolution which must be simultaneously developed and fully integrated for any of these components to fully realized its potential and for the new economic paradigm to become operational: renewable energy, storage technology, and smart power grid.” To achieve the goal, the EU and China will develop technologies to store intermittent forms of renewable energy and create intelligent utility networks to allow distributed forms of renewable energy. | | |
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