The country's commitment to reduce energy consumption and pollutant emissions
was lauded yesterday by world-renowned economists and leading business
executives, who said it would be a positive contribution to cut down global
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
"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
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,"
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
"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
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
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
"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.
(China Daily 03/20/2006 page1)