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China recently announced it will reduce the emissions-intensity of its economy (ratio of emissions to GDP) by at least 40-45 percent by 2020. But in Copenhagen it is resisting making that promise an internationally binding commitment. That’s a big problem for the U.S. negotiators, since the Congress is adamant: the U.S. will not commit until and unless the Chinese do too.
Last week, the Aluminum Corp. of China, otherwise known as Chinalco, received regulatory approval to proceed with its investment of $19.5 billion in the Australian-based mining giant Rio Tinto, giving the Chinese access to a large and secure supply of iron ore, copper, aluminium and other resources in Australia and Latin America. Is this a signal that China is losing interest in Africa? Or that African governments are becoming disenchanted with their Chinese partners?
Steven Chu, who faces confirmation hearings in the Senate today, is widely recognized as one of the world’s leading authorities on renewable energy. But less known is the fact that he presents the United States with a unique opportunity to make progress in its ongoing dialogue with China on climate change (see for example this commentary on UPI Asia).