| Nobel Peace Prize co-winner Al Gore needs
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| | ingredients.
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| to rename his famous $40 million
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| | The first, and by far most important, is
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| powerpoint presentation to "The
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| | a major change in thinking on the part of
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| Inconvenient Truth about China".
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| | the Chinese leadership. Of all people, I
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| While the media and policy establishment
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| | am a believer in economic growth but it
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| are preoccupied with global warming
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| | has to be balanced against damage to the
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| issues that may have important
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| | environment. For the most part, Chinese
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| consequences in 50 years or may be vastly
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| | environmental laws and regulations are
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| overstated, an environmental disaster
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| | already on the books, they just need to
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| exists in China right now. This
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| | be strictly enforced.
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| significant challenge, however, is also a
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| | This means giving local and regional
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| major opportunity for the Chinese
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| | administrators more independent
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| leadership and American business.
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| | authority, something that the leadership
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| To get your attention, below is just a
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| | is uncomfortable with given their top
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| just sampling of facts drawn from various
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| | down, authoritarian bent. It also
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| sources including an excellent article by
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| | requires a change in its "economic growth
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| Elizabeth Economy in Foreign Affairs.
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| | at all costs" attitude.
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| - China is the world leader in air and
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| | Secondly, cleaning up China's environment
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| water pollution.
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| | will require big bucks. No problem here
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| - Sixteen of the most polluted cities in
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| | in light of huge China's $1.3 trillion in
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| the world are in China.
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| | foreign exchange reserves. Setting aside
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| - According to World Wildlife Fund, China
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| | $200 billion over the next three to five
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| is the largest polluter of the Pacific
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| | years should help enormously.
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| Ocean.
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| | Thirdly, this environmental initiative
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| - 2/3 of China's largest 660 cities face
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| | will require technology and expertise.
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| a water shortage right now.
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| | This is where American business, the
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| - The EPA estimates that 25% of the
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| | global leader in environmental
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| particulates hovering over LA originate
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| | technology, comes into the picture.
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| in China.
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| | Congressional pressure on China
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| - In converting coal into energy, America
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| | concerning growing U.S.-China trade
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| is six times more efficient than China,
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| | deficits is enormous and growing. Giving
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| Japan is seven times more efficient and
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| | American firms the lead in helping China
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| India is three times more efficient.
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| | to address environmental issues will help
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| - About 190 million people in China are
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| | the Chinese leadership to show its
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| sick from contaminated water.
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| | citizens that it is taking concrete
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| - Netherlands' Environmental Agency
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| | action while at the same time sharply
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| states that China is the world's largest
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| | reducing trade tensions and imbalances.
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| contributor of CO2.
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| | The environmental challenge in China is
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| - A World Bank/China Government joint
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| | daunting but procrastinating will make it
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| study estimates that about 750,000
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| | ever the more unmanageable. American
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| infants a year face premature death due
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| | business is ready to saddle up and help
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| to respiratory disease.
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| | wherever it can. If all this
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| - Chinese experts believe that only about
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| | happens, the following ETF baskets of
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| 10% of China's environmental laws are
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| | American businesses could directly
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| consistently enforced.
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| | benefit if they have the foresight to go
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| Clearly, decisive and immediate action is
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| | after opportunities in China.
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| necessary. It requires three major
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