TCG Promotes Low Carbon Economy Report in China      

The Climate Group (TCG) has recently released a report in Beijing, outlining China's growing efforts to curb urban carbon emissions to support the launch of a new low carbon development initiative with 20 of China's cities, including Guiyang in south China and Dezhou in north China.
    The report - China's Low Carbon Leadership in Cities - identifies four key leadership tools for any urban low carbon development strategy including: policy incentives, technology innovation, financing mechanisms and international co-operation.
     The report highlights eight case studies of Chinese cities which are deploying low carbon technologies such as LED lighting, solar power, electronic vehicles and other technologies to reduce green house gas emissions.
   Changhua Wu, The Climate Group's China Director, says: "Over the past 30 years China's growth has created an economic miracle, especially in cities. But this rapid urbanization has brought problems, such as pollution and energy shortages, which make our cities particularly vulnerable to the challenges of climate change. A fundamental transformation must take place to ensure China's urban development model has a low carbon future."
   The Climate Group's new city program aims to recruit, motivate, and engage 20 Chinese cities in a five-year campaign to transform and accelerate the local market for energy efficiency and renewable energy technologies.
    Despite the global economic downturn, China's early progress towards becoming a global hub for low carbon investment, technology and growth looks set to continue. In other words, to start low carbon economy and promote development of green industries will be an important key for the recovery of global economy, facing the downturn.  
   The Climate Group pointed out in the report if missing the opportunity in managing the current financial crisis, China will lose the optimum time of building a leadership in technology and competitive worldwide.
   The report identifies that the low carbon economy will not slow down the economic growth, inversely, it will create green-collar jobs, social benefits and economic growth.