Word: speeching
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...plant 40 million hectares of forest, increase investment in a greener economy and reduce its carbon intensity - the amount of economic value it gets per unit of power - by a "notable margin." Many of those domestic goals had already been announced, but the tone of Hu's speech made an impact on his audience. "I think China has provided impressive leadership," said Al Gore after Hu's talk. (See pictures of Beijing's attempt to clean...
...called the Panda Standard - the move is an early step toward creating a voluntary carbon-trading system in China. Although China is still very far from accepting the mandatory carbon caps used by countries covered by the Kyoto Protocol - Hu emphasized the importance of economic development first in his speech - the Panda Standard is a sign that China could see a stake in the creation of a global carbon market. "Any carbon market inside China has the potential to be a game changer," says David Yarnold, the executive director of the Environmental Defense Fund...
...fully take up a cap-and-trade bill. Both countries will need to do more - much more - if the U.N. climate-change summit in Copenhagen is to be a success, and they'll need to be more straightforward. But as the EDF's Yarnold said in a speech today, "China is no laggard in the race to develop clean energy and reduce global- warming pollution. In fact, it is moving ahead." If the U.S. isn't careful, it might get lapped...
...address, President Hu Jintao talked about China's commitment to economic reform, to maintaining its extraordinary pace of economic growth, to opening China's market further to foreign investment and products - but only the barest nod in the direction of climate change. A confused American environmental consultant left the speech sputtering. "What was that about?" he asked former U.S. Secretary of State Colin Powell, who was walking out with him. Powell laughed. "You know what the first thing is that Hu Jintao doesn't think about when he wakes up every morning?" Powell joked. "Climate change...
...Tuesday at the U.N. General Assembly in New York City, Hu made a widely anticipated speech on climate change, finely calibrated for diplomatic effect. He was nothing if not cautious, saying - accurately - that China was in the process of increasing its energy efficiency, reducing the amount of energy required to produce a unit of GDP. Indeed, China's energy efficiency has improved in each of the past two years, a trend likely to continue, because a huge surge in investment in energy-intensive industries like steel and cement in the early part of this decade has run its course...