Thursday, February 12, 2009

China's Drivers Have A Green Future


At first glance, the potential of the green car industry in China is as obvious as a Hummer trying to crash a clean-energy convention.

China's auto market is the second largest in the world and has the U.S. in its sights, with sales leaping 22% to 8.8 million last year. Yet, while the central government sees the auto industry as a major driver of economic growth, it is coming under increasing international pressure to reduce the country's carbon emissions.

In Beijing, environmental officials are desperate to shift the toxic haze that lurks over the capital's Second Ring Road but their task is rendered futile by the addition of 1,000 new cars to the city streets every day. And then there is the soaring demand for oil, which forced China to raise its crude oil imports by 12.3% in 2007.

See full Article.