Renewables booming: Report

China would likely achieve and could even exceed its target of obtaining 15 percent of its energy from renewables by 2020, according to a new report released by the Worldwatch Institute.

The findings of the report Powering China's Development: The Role of Renewable Energy, written by Beijing-based researcher and Worldwatch senior fellow Eric Martinot and vice-chair of China's Renewable Energy Society in Beijing Li Junfeng, were encouraging for the sector.

It suggested that if China continues with its commitment to diversifying its energy supply and becoming a global leader in renewables manufacturing, renewable energy could provide more than 30 percent of the nation's total by 2050.