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Strategies & Market Trends : World Outlook -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (1203)	2/8/2003 6:41:50 PM
From: RealMuLan	Respond to of 48729

nrdc.org The International Energy Agency found that China's CO2 emissions declined by 5.5 percent between 1996 and 1999. Forecasts by Chinese and U.S. researchers once projected that China would become the world's largest emitter of greenhouse gases by roughly 2030, but China's recent reductions have pushed that date further into the future. ecoworld.org WASHINGTON (June 15, 2001) - Despite Bush administration claims that China will soon become the world's largest emitter of greenhouse gases, a new report has found that China reduced its carbon dioxide emissions 17 percent since 1997 while its economy grew 36 percent. .... Over the last decade, China's CO2 emissions grew 8.4 percent, while U.S. emissions grew 14 percent. During this period, however, China's economy grew four times faster than that of the United States (142 percent versus 31 percent). .... Even if the Chinese economy continues to grow 5 percent to 6 percent per year, by 2020 China's carbon dioxide emissions still will be significantly below U.S. emissions levels in 1990, according to estimates by the Lawrence Berkeley National Laboratory. "Contrary to the president's claims, China has cut its carbon dioxide emissions 17 percent while its economy has been booming," said Robert Watson, an NRDC senior scientist and co-author of the report. "In fact, the evidence shows that China has done more than the United States to combat global warming over the last decade. The president should stop hiding behind China's skirts as an excuse for stalling on taking action on global warming." NRDC's study found that China has aggressively moved to reduce its reliance on burning coal, a primary cause of global warming. For example, it has phased out all coal subsidies. It has ordered the closure of 25,000 coal mines. It has closed inefficient coal-fired electric plants. The result: China's coal consumption declined by 411 million short tons since 1996, according to U.S. Department of Energy statistics. U.S. coal consumption increased by 40 million short tons over the same time period. "President Bush says he is serious about addressing global warming, but his own energy plan would increase our reliance on coal, while his proposed budget would cut the heart out of federal energy efficiency programs," Watson added. "The United States, as the world's only remaining superpower, has to get its house in order before it starts pointing fingers at China."

To: RealMuLan who wrote (1203)	2/8/2003 6:45:32 PM
From: Les H	Read Replies (1) \| Respond to of 48729

China also consumes about twice as much oil per GDP as the US. But those forecasts are all subject to change. As energy is an input, one would want it to go where it would produce the most, not necessarily equal-weight its distribution regardless.