Clean Tech Handbook for Asia Pacific May 2010 Asia Pacific Clean Tech Handbook 26-Apr-10 Table of Contents FOREWORD .................................................................................................................................................. 16 1 INTRODUCTION.................................................................................................................................... 19 1.1 WHAT IS CLEAN TECHNOLOGY? ........................................................................................................................ 19 1.2 WHY CLEAN TECHNOLOGY IN ASIA PACIFIC? .......................................................................................................19 1.3 FACTORS DRIVING THE CLEAN TECH MARKET IN ASIA PACIFIC .................................................................................20 1.4 KEY CHALLENGES FOR THE CLEAN TECH MARKET IN ASIA PACIFIC ............................................................................20 1.5 WHO WOULD BE INTERESTED IN THIS REPORT? ....................................................................................................21 1.6 STRUCTURE OF THE HANDBOOK ........................................................................................................................ 21 PART A – COUNTRY REVIEW.......................................................................................................................... 22 2 COUNTRY OVERVIEW........................................................................................................................... 23 2.1 BACKGROUND ...............................................................................................................................................23 2.1.1 North Asian Countries......................................................................................................................23 2.1.2 South Asia ........................................................................................................................................23 2.1.3 South East Asia ................................................................................................................................23 2.1.4 Pacific...............................................................................................................................................24 2.1.5 Key Drivers for Clean Tehnology ......................................................................................................24 2.2 MARKET SIZE & ENERGY MIX ........................................................................................................................... 25 2.3 POLICY AND RENEWABLE REGULATION ...............................................................................................................26 2.4 TARGETS & INCENTIVES ...................................................................................................................................27 2.4.1 Feed in Tariffs (FiT)...........................................................................................................................27 2.4.2 Baseload Power Generation ............................................................................................................ 29 2.4.3 Clean Development Mechanism Projects (CDM) .............................................................................33 2.5 RESEARCH & DEVELOPMENT ............................................................................................................................ 34 2.6 FINANCING....................................................................................................................................................36 2.6.1 Public Funding..................................................................................................................................36 2.6.2 Private Funding................................................................................................................................36 2.6.3 Private Equity/Venture Capital ........................................................................................................ 36 Asia Pacific Clean Tech Handbook 2 of 348 26-Apr-10 2.6.4 Public Companies.............................................................................................................................37 2.6.5 Project Financing .............................................................................................................................38 3 COUNTRY, BY ENERGY SECTOR............................................................................................................. 40 3.1 SUMMARY ....................................................................................................................................................40 3.2 CHINA..........................................................................................................................................................40 3.2.1 Background......................................................................................................................................40 3.2.2 Market Size and Energy Mix ............................................................................................................40 3.2.3 Government Agencies...................................................................................................................... 41 3.2.4 Clean Technology Regulation...........................................................................................................42 3.2.5 Renewable Targets & Incentives......................................................................................................43 3.2.6 Research & Development.................................................................................................................46 3.2.7 Financing..........................................................................................................................................46 3.3 JAPAN ..........................................................................................................................................................47 3.3.1 Background......................................................................................................................................47 3.3.2 Market Size & Energy Mix................................................................................................................47 3.3.3 Government Agencies...................................................................................................................... 49 3.3.4 Clean Technology Regulation...........................................................................................................50 3.3.5 Renewable Targets & Incentives......................................................................................................51 3.3.6 Research & Development.................................................................................................................53 3.3.7 Financing..........................................................................................................................................54 3.4 SOUTH KOREA ...............................................................................................................................................55 3.4.1 Background......................................................................................................................................55 3.4.2 Market Size & Energy Mix................................................................................................................55 3.4.3 Government Agencies...................................................................................................................... 56 3.4.4 Renewable Regulation ..................................................................................................................... 56 3.4.5 Renewable Targets & Incentives......................................................................................................56 3.4.6 Research & Development.................................................................................................................57 Asia Pacific Clean Tech Handbook 3 of 348 26-Apr-10 3.4.7 Financing..........................................................................................................................................58 3.5 TAIWAN .......................................................................................................................................................60 3.5.1 Background......................................................................................................................................60 3.5.2 Market Size & Energy Mix................................................................................................................60 3.5.3 Government Agencies...................................................................................................................... 61 3.5.4 Clean Technology Regulation...........................................................................................................62 3.5.5 Renewable Targets & Incentives......................................................................................................63 3.5.6 Research & Development.................................................................................................................63 3.5.7 Financing..........................................................................................................................................63