Wednesday, October 26, 2011

The Coming Fresh Water Crisis - China invests

Fresh water will soon be more valuable than oil. China is taking the lead in desalination...

"The global market for desalination technology will more than quadruple by 2020 to about $50 billion a year, the research firm SBI Energy predicted last month, and growing water shortages worldwide appear to ensure further growth."

One problem with this: "some foreign investors in technology-laden projects like wind energy and high-speed rail later claimed their Chinese partners appropriated their technologies..."

It's another area where the Chinese are leading in advancing critical 21st century technology while we sit on our hands and do nothing (think Congress)...

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