China and US to cooperate on energy issues

World

China and the United states are to strengthen ties of cooperation in coordinating energy and environmental efforts, official said.

China and the United States, the world's two biggest greenhouse gas polluters, will seek to work more closely on improving their energy use, a Chinese official said in comments published Tuesday. Improving energy efficiency will be a top agenda item when the two nations begin meeting near Beijing on Wednesday for twice-yearly economic talks, said Ma Kai, the head of China's National Development and Reform Commission. „We have prepared a China-US energy cooperation guidebook,” the China Daily quoted Ma, China's top economic planner, as saying ahead of the Strategic Economic Dialogue.

Ma said China was seeking „comprehensive cooperation” with the United States in all aspects of energy use, including coal, petroleum and gas, energy efficiency and renewable energies, the paper said. Ma praised the United States’ „mature experience” in improving the efficiency of burning coal.

Coal is the source of around 70% of China's booming energy demands and a main reason behind the nation's massive rise in emissions of carbon dioxide, one of the major greenhouse gases that are blamed for global warming.

„The two sides should intensify their energy efficiency cooperation and increase their efforts in clean energy exploration,” Ma said. China and the United States had already in September signed an initial memorandum of understanding to increase energy efficiency in China's industrial sector.

The United States and China are the two biggest emitters of greenhouse gases, according to the International Energy Agency. The administration of US President George W. Bush has come under much international criticism for refusing to sign the Kyoto Protocol that binds developed countries to cutting greenhouse gas emissions.

China has signed the protocol but, as a developing nation, is not required to curb emissions. (People’s Daily)

ADVERTISEMENT

MNB Sees Broadening Disinflationary Impact Till Year-end MNB

MNB Sees Broadening Disinflationary Impact Till Year-end

Viktor Orbán Meets Marine Le Pen Visits

Viktor Orbán Meets Marine Le Pen

Kész H1 Revenue Climbs 29% Construction

Kész H1 Revenue Climbs 29%

Budapest Muni Council Clears Rác Baths Renovation Tourism

Budapest Muni Council Clears Rác Baths Renovation

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.