China needs $60b in biomass investment to harness rural potential

In China, the Asian Development Bank has released a study that says the country needs $60 billion in biomass investment by 2020 in order to harness the potential of the sector in rural areas. That investment would provide electricity for 30 million people, with 76% used for helping rural households, 20% for power generation and fuel production, and the remaining used for centralized gas plant projects.
Currently China uses only 0.4% renewable energy but has set a target of 15% by 2020.

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