As factory to the world, China is hungry for energy. The nation secures traditional sources of energy – as the largest producer and consumer of coal, ranking second in oil consumption and imports, fifth for oil production – and is also intent on dominating the global renewable-energies industry. Recognizing that the rapidly-growing industry creates jobs, China devotes a growing pile of investment funds targeted for green-energy development, explains journalist Michael Richardson for YaleGlobal. In a short decade, China went from making 1 percent of the photovoltaic cells for solar panels to capturing a 40 percent global market share. The Obama administration criticizes China for subsidizing its green-energy exports, a violation of World Trade Organization rules. However, China has set clear goals for its citizens and the world at large: diversifying energy sources, dominating the green market and consolidating its lead in market share of producing global high-tech products.
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