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What's behind China's climate plan?

Chinese President Hu Jintao speaks during the United Nations Climate Change Summit at the United Nations in New York.

TEXT OF STORY

Tess Vigeland: Today in New York we got something of a preview of the upcoming climate change talks in Copenhagen. Chinese President Hu Jintao gave a much-anticipated speech to the U.N. General Assembly in New York. And he promised what he called a "notable" tamp-down on carbon emissions throughout the Middle Kingdom. Notable but with no numbers attached.

Marketplace's Alisa Roth reports on what today's remarks signal for the global climate change summit in December.


ALISA ROTH: Hu Jintao has four steps for how China will make itself more eco-friendly. He promises China will cut carbon emissions, though he doesn't say by how much. It'll plant more trees. Use more non-fossil fuels. And develop a greener economy.

Adele Morris works on climate issues at the Brookings Institution.

ADELE MORRIS: China is sincerely most focused on developing its economy.

She says Hu's goals all make economic sense. Energy-efficient manufacturing saves money. And reforestation could help stop some of the flooding China sees regularly.

But with all that focus on economic growth, she says China may not be ready to put a limit on carbon emissions.

MORRIS: It's going to be hard for them to find a formulation of a commitment that they can live with.

Some people say that's because China's waiting to hear how far the U.S. is willing to go. We're the world's other big offender on carbon emissions.

Eileen Claussen is president of the Pew Center on Global Climate Change. She says Hu wants help.

EILEEN CLAUSSEN: And then there's an issue of finance and what kinds of arrangements and dollars the developed world is willing to put on the table for the developing world. And then there's the question of what the major emitting developing countries are willing to sign on to in a binding international agreement.

It's a question the United States, at least, is still trying to sort out. The U.S. is still negotiating its domestic policies. And until that happens, it'll be hard to make international promises.

In New York, I'm Alisa Roth for Marketplace.

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1. About two thirds of deficit in the U.S. accrue from oil import.

2. As with "Inaction" cost, $9trillion over the next decade in Medicare, Medicaid and Social Security, supposedly the same is of inaction on the 21st energy bill to determine war & peace, catastrophe & prosperity. For the global economy to reign in the runaway price of fossil fuels, "Sustainable Option" will be indispensable.

3. Looking to worthless, painful and wasteful oil wars, namely, the "Original Source" of this great recession, to waste time bickering over meaningless things and drag feet on a defining energy bill are sure to shake the embryonic effect of stimulus package that is an interim measure for build-out of a new foundation.

4. As the overall oil reserve in Middle East, let alone the rest of oil-producing areas, is on the decline more than known, the region blessed with affluent sun rays also needs to ready for a new groundwork, particularly in this context AEU is beginning to concentrate on future energy and Iranian EV is rolling out recently, the countries in the region will never stand still on the occupation, that means no matter what the result is, the repetitious mistake at the cost of invaluable lives and gigantic spending will end up with a heartbreaking tragedy once again.

5. Facing a sharp downturn in fossil fuels all over the world, the world-wide overpopulation growing consistently is using up tremendous fossil fuels at an alarming pace. Especially when the own conventional resources in some dense countries is facing drastic dent, it adds up explicitly.

6. For that reason, it is widely accepted that the price of fossil fuels is expected to go up and up simply, which is behind all but major states taking a bold and speedy action in a bid to put the global economy on a sustainable and solid ground.

7. Thankfully and interestingly enough, 100s of Companies (with $13 Trillion) Are Demanding Strong Climate Deal in Copenhagen just like environmental activists, a coalition of more than 500 Global Businesses is also demanding ambitious new climate deal, and the report by Blair and the Climate Group, a London-based nonprofit organization, found a climate-change accord among all countries would spur economic growth and create as many as 10 million jobs by 2020.

8. Currently, a 21st energy bill has passed the House and is making its way through Senate. According to CBO, this bill known as more progressive generally would trim budget deficit by $24.4 billion of a net gain.

9. I think the world is eagerly looking forward to Americans' participation, and if it were not for world-wide massive job creation, the world can not pull the economy out of this recession successfully.

10. I'd say only science and innovation can meet this challenge, and the science enough for all around the globe to live in harmony is awaiting final assembly by way of innovation. It seems to me that this great recession is pitching us a serious lesson to make sure we build a bridge for future generations, otherwise, our generation, too, is falling off the cliff.

Thank You !

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