China, U.S. can slash C02 by storing it
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Steve Chiotakis: One way to potentially slash carbon-dioxide emissions is to capture them and store them underground. This morning, the Center for American Progress releases a study on how China and the United States -- the world's biggest polluters -- can cooperate on that. Ashley Milne-Tyte reports.
Ashley Milne-Tyte: China and the U.S. still rely on coal for power. And both want to burn it without churning out tons of CO2.
Julian Wong is with the Center for American Progress. He says many Chinese plants are near underground caves where emissions can be easily buried. He'd like to see the U.S. help China fund and build five carbon storage facilities there.
Julian Wong: In total these five projects would be equivalent essentially to taking off 1.7 to 2.5 million cars off the road.
He says what the U.S. learns would accelerate the building of similar facilities here. And the costs would be shared, after all China is a rising economic power.
Wong: So it understands that any sort of collaborative effort with the United States that it has to put its own money down, put its own skin in the game.
He says the sooner the two countries start collaborating the sooner they can cut emissions and create jobs.
I'm Ashley Milne-Tyte for Marketplace.