Building a “Green Economy”: A New Revolution in China?
A “green economy” can be built in China in less than 20 years, argues a new McKinsey report. The new study, “China’s Green Revolution“, offers the most comprehensive quantitative analysis to date of China’s abatement cost curve.
Previous studies of a similar ilk, like the Stern Review, have incorporated social benefits to partially offset the cost of scaling up energy efficient and clean technologies. In contrast, the latest McKinsey report considers only technology-related costs and attaches a figure to the cost of green initiatives in China.
So what is the final damage? While costs are negative for upgrades in some industries, like buildings, due to the savings generated from energy efficiency improvements, a total 1.5-2 trillion yuan (USD 220-295 billion) would have to be spent every year until 2030 in order to reach McKinsey’s alternative scenario.
The stage was set with a single podium, and beside it were two flags. The first flag was colored red white and blue, no stars and stripes, but three bands of red white and blue. The second flag was blue, and in its center was a circle of yellow stars. The keynote speaker stepped up to the mike. He was there to present a revolution. "A revolution in our way of thinking and in 
The first phase in the French government’s environmental "New Deal" is complete. Jean-Louis Borloo, the minister of ecology and sustainable development, hosted a conference in Paris last Thursday to present the results of that initial phase and to launch the second phase. In his press release, Borloo employed rousing terms to describe a momentous turning point in French society.
