China to invest $5bn on solar power farms

China, the world’s largest greenhouse emitter has signed a deal with eSolar Inc. to invest in solar power plants. China has overtaken US as the largest emitter in CO2 and China has pledged that they intend to reduce their emissions.

Solar thermal power farms will generate a capacity of 2000MW. This is a great effort by China as they are still considered as a developing economy so they do not have to agree with global bindings to reduce CO2 emissions. But since they have surpassed US, this project will be many more of green projects to come from China.

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