Climate change was not the big news it was a year ago at the US-China Strategic and Economic Dialogue (S&ED). This is not surprising given that China made its major commitment on emissions reductions – its 40-45% carbon intensity target by 2020 – last year and US climate legislation is pending in the Senate. But many of the key players on climate change, including Secretary of State Clinton, her Climate Negotiator Todd Stern, and Department of Energy Assistant Secretary David Sandalow, were at the meeting. Energy Secretary Steven Chu stayed in the US to address the Gulf of Mexico oil spill, but his Department co-hosted three major bilateral seminars on energy efficiency, renewable energy and biofuels after the S&ED.
Key Points:
Key Points:
The concept of a carbon tax is receiving more and more attention in China, and there are even some formal proposals floating around the government. It was discussed by Jiang Kejun of China’s Energy Research Institute at the recent China Green Enterprise Forum and our network expert Bo Shen of the Lawrence Berkeley National Labs alerted us that both the Chinese and English versions of a newspaper article on the subject have now appeared on the National Development and Reform Commission’s (NDRC) climate change website. The Chinese article gives more detail than the English article and quotes unnamed officials from the Ministry of Finance (MOF) and the State Tax Bureau as well.
Indian Environment Minister Jairam Ramesh described the “Copenhagen Spirit” as substantially improving ties between China and India and leading to improved cooperation in related environmental areas, including hydrographic data, glaciological research and forestry. He expressed hope that an MOU signed last fall on energy technologies would yield some concrete projects, but admitted those opportunities had yet to be explored.