BONN, Germany – China wants the United States to deliver top of the line technology as part of a new global warming agreement, the chief U.S. climate negotiator said Thursday.
Jonathan Pershing, who was part of a U.S. delegation that returned this week from Beijing, said the Chinese are looking to the U.S. for ideas and technology to retool its high-carbon industry.
"They want from us technology, and we want from them action," Pershing said on the sidelines of U.N. climate talks. "There's room for agreement there."
The Chinese could already buy technology. They are only negotiating for technology with the Obama Administration because they do not want to pay for it and they think the Obamanauts are foolish enough to think that giving it away in exchange for a climate deal will yield a better result than making them pay for it. In reality China's leaders are not going to impose large costs on their economy to cut CO2 emissions. Anything they do in exchange for technology will be steps they would have taken anyway. Take for example a bigger Chinese nuclear power program. They are scaling it up already because their air has become barely breathable and their coal reserves will run out eventually.
China is the largest U.S. creditor, holding $767.9 billion of U.S. debt as of March, according to Treasury Department figures. Japan is second with $686.7 billion. Brazil holds $126.6 billion, while Russia has $138.4 billion.
The deficit with China, which often causes tensions between the two nations, widened by 7.3% to $16.8bn.
|Share |||By Randall Parker at 2009 June 13 04:41 PM China|