David Victor Quoted in Business Week
China: Climate Change or Hot Air?
12/10/2009
Ben Elgin & Bruce Einhorn,
Business Week
On the wooded hills outside the city of Harbin in the northeastern province of Heilongjiang, Chinese developers are building towering wind turbines that will spin day and night to generate clean electricity. The project represents the hope that China, which recently surpassed the U.S. as the world's largest source of greenhouse gases, has truly embraced environmentalism.
The planned 29 turbines near Harbin represent something else as well: the widely accepted notion that market forces can be harnessed to aid the fight against climate change. Under the international treaty known as the Kyoto Protocol, Chinese wind-power developers are selling "carbon credits" reflecting their reductions in emissions of carbon dioxide and other heat-trapping gases.
Read the rest of the article and see David Victor's comments here.
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David Victor is director of the Laboratory on International Law and Regulation, based at the School of International Relations and Pacific Studies.
Click here to visit David Victor's website.
