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According to a survey released by KPMG, a global consulting firm, the United States, China and India will be the top three destinations for global mergers and acquisitions of renewable energy. The survey of 500 global executives related to new energy sources found that 53% of respondents targeted the US, 38% chose China, 35% chose India, followed by Germany and the United Kingdom. The survey also found that China's role in the global new energy field is increasingly important. 78% of respondents expect new participants in the renewable energy industry mergers and acquisitions to come from China, 59% to North America, 42% to India, and 41% to Western Europe. With the rise in oil prices and the nuclear crisis in Japan, renewable energy such as solar energy, wind energy, bio-energy and tidal energy has become more popular among investors. According to the survey, in the first quarter of this year, the global renewable energy mergers and acquisitions amounted to 11.2 billion US dollars, doubled over the same period last year. The BP Oil Company's annual assessment report released on the 8th shows that China surpassed the United States in 2010 and became the world's largest energy consumer. China's coal consumption accounts for 48% of the world's total, while the United States remains the world's largest oil consumer, accounting for 21%. % is twice the consumption of Chinese oil. This data highlights the importance of strengthening cooperation between China and the United States in the field of renewable clean energy. Since the Chinese American Energy Minister Zhu Xiwen and the Chinese-American Commerce Minister Gary Locke took office, they will promote the US-China clean energy cooperation as the focus of international cooperation. China and the United States have signed the 10-year framework for energy cooperation and have already carried out cooperation on many specific projects. At the same time, in order to seize the commanding heights of new energy, countries have formulated support policies, but they have also created new trade disputes. The United States has filed a lawsuit against the WTO for the subsidy of wind energy equipment manufacturing in China, and initiated consultations. US Trade Representative Kirk announced on the 7th that China agreed to stop subsidizing the manufacture of wind energy equipment.
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