The Next Energy Revolution
Revolutions in the energy sector have always led to great improvements in production capacity. The latest example can be seen in the shale gas sector in the United States, a development that cut prices of crude oil and electricity in the country, thus boosting the competitiveness of local manufacturing.
In China, a stable and cheap energy supply is a key condition of the country meeting its growth target. The Communist Party proposed during its 18th National Congress in November that the country should push forward with the next "revolution in energy production and consumption." That means significant changes not only in technology, but also the energy structure and system, and concepts of energy security.
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