China vis-a-vis the climate change
- The impact on growth in the euro area
- An economic slowdown
- Possible solutions
- A decline in interest rates
- A redefinition of the role of the ECB
In 2007, China surpassed the U.S. to become the major emitter of greenhouse gases in the world, and it is estimated by the International Energy Agency that by 2030 China will emit twice as much gas as the U.S. China, which until recently was not a major polluter in relation to its huge population, is now in a dilemma of balancing both economic and social growth and the respect of the environment.
The new situation of China, suddenly turn out to be an economic power and leading industrial foreground, forced the Chinese government to consider environmental perspectives, especially since the accession of China as one of the leading industrialized countries has placed it at the center of international pressures, which in line with the Kyoto Protocol attaches importance on the fight against climate change.
The Chinese commitment to the environment is shared by the need to provide the world a good image, to provide Chinese environment conducive to development and the priority given to economic growth and development of the industry sometimes lead to an aggravation of the Chinese partaking in global warming. Therefore, one might ask what the extent of China's participation is in global warming, and how public policy is characterized in terms of fighting against it and the awareness and participation of the Chinese companies in the global environmental cause.
China, the world's biggest polluter, has belatedly realized the ecological issue. China's economy not only inherits the heavy industrial structures of the communist past, but knows the last ten, with his conversion to a market economy and the extremely rapid growth resulting, highly polluting industrial growth. Indeed, the Chinese energy supply concentrates the vast majority.
The combustion of coal makes China an issuer of greenhouse gases (especially sulfur dioxide) large. China, where power generation is mainly due to fossil fuels, continues to build coal plants in large numbers, a new coal plant would be built every ten days in China.
This extremely worrying situation of ecologically is not ready to stop at the sight of the ever-increasing GDP and because of the difficulty would have China to convert its energy supplies traditionally linked to coal, employing workers in many fields enjoyed by the Chinese territory.
Tags: China; climate change; International Energy Agency; greenhouse gases; Kyoto Protocol