Low-carbon growth 'needs incentives'

DALIAN, Liaoning - Government incentives are important to pave a low-carbon road for economic growth, and the corporate sector should be the main player through technological improvement, said officials and industry insiders at the World Economic Forum in Dalian.

"The most important thing is to have the right direction," said Gao Jifan, chairman and CEO of Trina Solar Ltd, a solar panel manufacturer in China.

According to Gao, new energy solutions, such as solar power, provide the "right direction" for growth, although many deficiencies still exist. "As long as we have the direction correct, we can succeed at last. But this also requires policies, technologies and investment," he said.