AP: Suntech CEO says G20 to act on 'green growth'

AP News
Posted: Aug 25, 2011 3:19 PM
AP: Suntech CEO says G20 to act on 'green growth'

The CEO of a Chinese-owned solar panel maker says the Group of 20 summit in November will emphasize ways to invest in "green growth" to boost renewable energy and tackle climate change.

Suntech Power Holdings Co. CEO Shi Zhengrong told The Associated Press on Thursday the G-20 advisory panel he chairs will recommend that leaders of "traditional economies" boost solar, wind and other alternative energy sources, even in dire financial times.

He said the group of the largest economies in the world would be asked to adopt "action plans" and form a private-public investment vehicle to invest in sustainable energy.

Shi said Germany and Switzerland could achieve plans to phase out nuclear power by replacing 30-50 percent of that energy with solar and wind sources "if they install enough capacity."