“As a Chinese person, I cannot accept someone from a developed nation having more right than me to consume energy. We are all created equal – this is no empty slogan.”
If you’ve been following this blog, you would have noticed a major anchor: My DIY stock portfolio is overwhelmingly invested in the energy sector because I believe it is on the path of growth for the next decade. In my analysis, I covered China even though the whole world is a player in the zero sum game of energy consumption. The latest speech by a Chinese official comes as the seal of approval on what many people (not only me) suspect is coming down the road of global energy consumption.
China Dialogue, a fully bilingual website devoted to promoting dialogue about our shared environmental challenges, recently published a summary of a very interesting speech by Yu Qingtai who was Beijing’s top climate negotiator from 2007 to 2009. He gave a speech earlier this month at the Bejing University School of International Studies on climate, diplomacy and the balance of national and global interests in limiting global warming.
Please take a minute to read this small excerpt:
“During my three years working on climate change, I have reached some personal conclusions. Concern about climate change and China’s role must be seen against the background of China’s economic and social development. China’s national circumstances cannot be ignored. China is bound to be dependent on coal for energy – we cannot afford oil as an alternative when it costs more than US$100 dollars (680 yuan) a barrel. We have factors limiting our development, and the price and opportunity costs of energy saving and emissions reduction must be taken into account and stable development continued. Many problems can only be solved through development.
We cannot blindly accept that protecting the climate is humanity’s common interest – national interests should come first. Individual enthusiasm and willingness to make sacrifice for the sake of the climate is worthy of respect and praise. I myself usually walk or take the bus to work. The individual can choose not to drive, but China cannot choose not to have an automobile industry. The individual can save power, but there are 600 million people in India without electricity – the country has to develop and meet that need. And if that increases emissions, I say, “So what?” The people have a right to a better life.
I once pointed out to an academic from a developed nation that the emissions resulting from their country’s two-car households had been accumulating in the atmosphere for decades. Many Chinese households have only just purchased their first car and they tell us we should ride bikes? It doesn’t make sense. We want to develop the economy until everyone has the option of buying a vehicle, but at the same time use taxation and subsidies to encourage the purchase of low-emission vehicles and the use of public transport.
When it comes to greenhouse-gas emissions, we cannot only look at the current situation and ignore history, nor look at overall emissions and ignore per capita figures. China’s accumulated emissions account for only 7% of the global total. Emissions are caused by consumption of energy, and this is the foundation of social development. As a Chinese person, I cannot accept someone from a developed nation having more right than me to consume energy. We are all created equal – this is no empty slogan. The Americans have no right to tell the Chinese that they can only consume 20% as much energy. We do not want to pollute as they did, but we have the right to pursue a better life.”
This is one clear “You First” message to the developed world when it comes to lowering emissions. China is right, what are we North Americans doing to lower our emissions? I don’t see much of a national policy. Where are the plans to replace coal with natural gas power plants for example?
China has embarked on rapid growth in consumption. The population is happy with their rising standard of living. For us in rich countries, owning 1 car instead of 2 or turning off a few lights will result in using less energy. On the other hand, the Chinese would have to forgo goods or services we take for granted since they are still at the beginning of their growth.
For China, it will be the national interest above all. This is bad news for the environment, especially when you replace “China” with “India” or any other emerging country. Cheap energy sources will fuel the growth of these nations. This heavy reliance on cheap energy is seen as an entitlement for improving their standard of living.
It looks like Oil is not the only commodity to be invested in; Coal still has a lifespan remaining and Uranium will occupy an increasing place in the next decade. It’s time I start researching these sectors as well. I guess in 50 years, the path of global energy consumption will lead us to a Labor Day celebrated at the beginning of October for signaling the end of the summer.
How would you criticize the Chinese position? Do you think we have the right to push developing nations around because of global warming?