‘Joint ventures’, helpful to national economy
To follow its aim of developing a “low-carbon” economy, Chinese companies should establish “joint ventures” with technology groups in developed countries, a leading British economist has said.
Nicholas Stern, a former UK government advisor famous for his report on climate change, said this idea can help China benefit from energy efficient and environmentally friendly technologies developed in other countries.
Stern, now an economics and government professor at the London School of Economics and Political Sciences, gave his speech during an interview with China Daily last Friday when he met representatives from various fields in China to help facilitate the international climate change negotiation in 2009.
He also pointed out that it is required for industrial countries to offer technological aid to developing countries. But he encouraged “joint ventures” between countries.
At present, China and many other developing nations have reached the agreement to develop their economy by applying low-carbon technologies while the developed countries have demanded high transfer fees.
Ren Zhiqiang, president of the Beijing-based real estate company Huayuan Group said, “This has prevented many of us (developing countries) from using the advanced technologies when he had a discussion with Stern at a seminar last Friday.”
Ren also said, “The developed countries should offer environmentally friendly technologies free of charge for the good of the earth.”
“By the middle of the century, high-carbon growth will have taken greenhouse gas concentration to a point where a major climate disaster is very likely,” Stern added, “We must upgrade growth that can be prolonged.”
He said that a low-carbon infrastructure also stands for huge investment opportunities. The International Energy Agency estimates that over the next two decades world energy infrastructure investments are likely to be around $1 trillion every year.
“If the most of this is low carbon, it will be an outstanding source on investment demand. That’s an opportunity both for China and the rest of the world,” said Stern.
Wu Jianmin, the former Chinese ambassador to France also agreed that a low-carbon economy would also symbol a completely new economic growth area.
At a news conference in Beijing held by the Climate Group, a UK-based environmental NGO, Wu urged government officials at all levels along with Chinese enterprises to further promote business linked to promoting the low-carbon economy in many of the country’s industries.
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