US and China to Unveil Joint Plan to 'Take Over' Cleantech Market

US and China to Unveil Joint Plan to 'Take Over' Cleantech Market

~ Business collaboration between US and China to secure clean technology market opportunities will be unveiled at World Economic Forum in Dalian ~

A joint US-China plan to "take over the world" in low-carbon technology will be revealed tomorrow at a meeting of Davos's World Economic Forum in Dalian.

The sweeping initiative to secure the opportunities arising from tackling climate change is based on top-level business collaboration between the two superpowers, with some deals already done. One obstacle, however, will be growing trade friction over clean technology.

Leading industrialists, entrepreneurs and financiers from the world's two biggest polluters have marked out the development strategy for a trillion dollar "greentech" market for inclusion in a bilateral climate agreement that is expected to be signed by the two governments when Obama visits China in November.

The global clean technology market would get a major boost from any deal at the global climate summit in Copenhagen in December.

Under the plan, cash from the two nations and private sector acumen would be used to massively expand China's solar, wind, carbon capture and smart-grid markets in a move that could be as groundbreaking as the commercialisation of the internet...


for complete article:
Jonathan Watts
2009-09-09
http://www.guardian.co.uk/environment/2009/sep/09/china-us-greentech-plan