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September 8, 2009

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Tie-up in clean energy sought

CHINA and the United States should cooperate and complement each other in developing clean energy for better environment and economy, political and business leaders said yesterday.

US Senator Maria Cantwell, chairman of the Senate's subcommittee on energy, said in Shanghai that collaboration would help drive down the costs of development and bring many nascent technologies to the market more quickly.

Fu Zhihuan, chairman of the finance committee of the 10th National People's Congress, agreed, adding collaboration could be a win-win as the US is strong in technology and expertise while China has a huge market.

Fu said China and the US could cooperate in fields like clean coal, solar energy, electric cars as well as smart grid, which delivers electricity from suppliers to consumers using digital technology that saves energy, cuts costs and increases reliability.

Speaking at a conference on green technology organized by the AmCham Shanghai, they said, however, such cooperation faces trade barriers and intellectual property issues. These problems must be dealt with to help move forward the cooperation, said Fu, who also heads the China Energy Conservation Association.

"Technology exchange and intellectual property protection are wrapped together. It's safe to say we have a lot of work to do,'' Cantwell said.

During yesterday's conference, the US-China Clean Energy Forum signed eight initiatives designed to transform the energy systems of the US and China. They include the establishment of a joint energy center, sharing knowledge and technologies needed for a smart grid.


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