Economy

Markets

Industries

Insights

Reports

Events

China, US eye clean energy co-op

(Xinhua)
Updated: 2009-11-19 11:09

Cooperation between China and the United States in clean energy field is expected to reach a higher level as the two countries reached more agreements during US President Barack Obama's China visit.

Market analysts expected a fruitful result of the enhanced cooperation between the two countries, but also expressed expectation for a further and more active core-technology exchange.

A win-win move to cooperate

The two countries singed a joint statement on Tuesday, in which joint efforts to combat climate change and promote clean energy industry were highlighted.

Both China and the US believed clean energy industry will provide vast opportunities for citizens in the years ahead, agreeing that "the transition to a green and low-carbon economy is essential."

Related readings:  Vice Premier attends China-US clean energy co-op signing ceremony  China, US to promote clean energy development  Clean energy most beneficiary area for US-China cooperation  Obama says Shanghai, Chicago can cooperate on clean energy

"The two countries share similarities in combating climate change, seeking sustainable development, and ensuring energy safety," said Chen Fengying, director of Institute of World Economic Studies under China Institute of Contemporary International Relations.

Saying the US "must have the courage and commitment to change," Obama mapped a "New Energy Policy" for his country at the beginning of the year, planning to invest 150 billion US dollars in the next ten years to develop clean energy and research on core technology.

The move is expected to effectively reduce the US's reliance on tradition energy, such as oil, coal and gas, as well as creating about 5 million job positions, said analysts.

The US government and Chinese government share the same view point on this issue. After 30 years of fast development, China finds it a preference to adjust its industrial structure, and seek a sustainable development through developing "new energy".

   Previous page 1 2 Next Page  

   Previous page 1 2 Next Page