BIZCHINA / Point of View
Energy goals help 'cut global warming'
(GOV.cn)
Updated: 2006-03-20 09:28
The country's commitment to reduce energy consumption and pollutant
emissions was lauded Sunday by world-renowned economists and leading
business executives, who said it would be a positive contribution to cut
down global warming.
They also called for China's global leadership in tackling climate change
and other environmental woes as the country pursues sustainable
development in the newly-approved 11th Five-Year Plan (2006-10).
Referring to China's 2010 goal of cutting energy consumption per unit of
GDP by a fifth from the 2005 figure, Nobel Laureate in Economics Joseph
E. Stiglitz said that "it will be a contribution to the world" as it
means less global-warming emissions.
"China's 11th Five-Year Plan seems to have taken this message to heart,"
Stiglitz told China Daily during an interview on the sidelines of a
high-level forum on China's harmonious development organized by the China
Development Research Foundation.
Stating that the scientific evidence on the threat of global warming and
the link with greenhouse gas emissions is overwhelming, Stiglitz said
China's commitment to increasing energy efficiency is "particularly
commendable."
"But China should do more in terms of its new role of global leadership,"
said Stiglitz.
For example, he said, China could support the initiative of rainforest
countries to curb deforestation within an expanded Kyoto Protocol as
forests play an important role not only in avoiding global warming but
also in preserving bio-diversity.
"China's plan to conserve resources will reduce timber imports; and it
also can play a bigger role in helping developing countries with
reforestation," said Stiglitz.
Among the important areas where that leadership needs to be exercised,
the Columbia University professor said, is helping developing countries
arrive at a common constructive platform on global warming.
Participants at the forum believe China's green goals provide business
opportunities.
For instance, the government recently listed China's top 1,000
State-owned enterprises, which consume the lion's share of the energy
used by industry, for potential savings.
"These goals mean business opportunities," said Mark Moody Stuart,
chairman of Anglo American, a global mining giant.
The company is using new technology in Shaanxi Province which can slash
carbon emissions by turning coal into gas and liquid fuel.
(For more biz stories, please visit Industry Updates)
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