China Daily reported that Danfoss Group, one of the largest industrial companies in Denmark is stepping up its efforts to tap opportunities in China second and third tier cities in a bid to promote energy conservation and business expansion.
Mr Thomas Koniordos president of Danfoss China said "China is the third largest market for Danfoss. I will try to make it our number one market in the next three to four years."
The company established a branch in Urumqi, capital of the Xinjiang Uygur autonomous region in October and it plans to strengthen its presence in the country smaller cities, particularly in the western region to provide energy efficient solutions to local companies.
Mr Koniordos said "A change of economic development model has been emphasized as one of the major tasks of the 12th Five Year Plan (2011-2015) in China and the country attaches great importance to building an energy-saving and environmentally friendly society which will give industry more responsibility and encourage enterprises to focus on energy conservation."
He said that to further promote low-carbon economic growth, China should now pay more attention to making the best use of existing energy-efficient technologies and solutions rather than developing renewable resources. He added that if we pick the low hanging fruits that energy efficient technologies offer, it will help us afford green energy sources in the future.
Mr Koniordos said although developing new technologies for renewable energy is the future of a low carbon economy and Danfoss has the simple philosophy that money saved today through energy efficiency will facilitate investments in green improvements in the long term.
For example, one radiator thermostat can save 100 kilogram of carbon dioxide emissions every year. Replacing a manual radiator valve with a thermostat typically can reduce energy use by 30%. However, Mr Koniordos pointed out that there are still some 2 billion radiators without thermostats around the world today.
He said that "Energy efficiency is the cheapest and fastest way to reduce carbon dioxide emissions. However, there is still a huge untapped potential. To exploit this potential, more involvement with decision makers is needed to secure an adequate framework for energy efficient technologies."
(Sourced from China Daily)
