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The Inconvenient Truth about China

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



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