US, China reaffirm climate cooperation; businesses ink deals
Chinese President Hu Jintao ended a four-day state visit to Washington Thursday, (1/20/2011) pledging to continue China’s close cooperation on climate change and clean energy development with the US. In a joint statement by Hu and US President Barack Obama, the world’s two largest emitters agreed to “coordinate to achieve energy security for our peoples and the world, build on existing clean energy cooperation, ensure open markets, promote mutually beneficial investment in climate friendly energy, encourage clean energy, and facilitate advanced clean energy technology development.”
Leading up to Hu’s visit, US and Chinese firms announced a series of clean energy deals in areas such as renewable energy technology and carbon capture and storage (CCS). US conglomerate GE announced this week it would sell industrial coal gasifi cation (IGCC) technology to Chinese coal and energy giant Shenua through a new joint venture. In the new partnership, the firms would collaborate on pursuing the commercial scale deployment of the cleaner coal technology in China.
GE said that its gasification technology is one of the most widely-applied technologies of its kind in China, present in over 40 facilities.
Source: Carbon Market North America