Natural Stone Pebbles News

Wednesday, July 04, 2007

Analysis: Behind China's smokescreen on climate change



The Chinese government's irresponsible stance toward mitigating climate change, based on its developing country status, is increasingly untenable. China is the world's fourth largest economy and, according to a new report, is now the top emitter of carbon dioxide, the main greenhouse gas heating up the planet.

Global warming is an unintended consequence of the global trading system. Now is not the time for finger pointing between the developed and developing worlds: CO2 and other gases are nearing cumulative crisis levels. Culpability for shifting polluting industries from rich to poor countries goes to both sides, and demonstrates that a favorable investment environment does not promise investment favorable to the environment.

China continues to be both a beneficiary of globalization, with capital and technology inflows creating jobs for its massive population, and its benefactor, providing markets with low-cost products. This process began nearly 30 years ago when China abandoned Maoist principles in pursuit of profit as the guiding ideology for its political economy.

The policy of economic reform and opening to the outside world permitted foreign investors and hardworking individual Chinese new opportunities to generate wealth, raising the collective level of prosperity and taking hundreds of millions of people out of absolute poverty at the expense of the world's ecosystem.

President Hu Jintao heads a communist coterie reared in the ethos of an authoritarian one- party state, lacking accountability and with a deeply entrenched sense of entitlement to dispensation regarding global obligations. Neither view helps Hu and crew meet new challenges such as acknowledging China's role in the greenhouse gas problem and taking the lead in searching for a solution.
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