Wired offers some useful insight into real-world China environmental policy.
The group of investors emphasized the scale of the problem, and the relatively low-tech nature of workable solutions. High-tech is simply too high-cost for the still-developing economy. Simon Littlewood, CEO of London Asia Capital, noted that some European technologies might be 100% more effective than their Chinese counterparts, but they cost 10 times more.
“The Chinese would love to have the best solution, but they’ll go for the cost-effective solution,” Littlewood said.
The easiest clean technologies to implement, the group said, were in energy efficiency, where newly installed technologies directly translate to decreased energy usage and bills. Both are especially important in China, where wages are still relatively low and two coal plants are coming online per week to meet rising energy demand from newly urban Chinese.
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Wired offers some useful insight into real-world China environmental policy.
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