Kelsey Walker
February 20, 2009
3:26 PM
Since the global financial system has been collapsing around Gao Guangsheng of Beijing, China, he has decided to bill the United States, Europe, and Japan for a hundred years of pumping the climate full of carbon dioxide. He was delivering a figure of 1 percent of GDP equaling to $350 billion a year. Western leaders have been handling Gao’s proposal as expected during a economical crisis; they have ignored it. The United States feel that they should not be liable to pay for China’s energy when they surpassed the U.S. last year, emitting the most greenhouse gases. However, the U.S. should step in and help China because no matter where the carbon dioxide comes from it is still hindering the green world. Also, it would be cheaper to build new green factories from scratch in China then repair factories in the U.S. The U.S. should not help by sending money like Gao suggests, rather they should form a partnership. Both countries are climate sinners and are have the pressure to go green. Also, a China green stimulus package would help both countries because of the U.S. businesses that use the factories in China. An idea suggested to help the connection would be to arrange loans into private banks that would eventually be paid back from saving energy. Partnership could jump-start key investments and also the commitment of governments from two of the world's biggest markets would also go some way toward helping establish standards and address intellectual-property issues. For example, a joint job in electric cars could both be green and also save money by each investing in certain jobs.
I think that this is a possible fix and could bring diplomatic unity. I do not believe that the U.S. should pay China however, I think that partnership would help each country work toward green jobs and emitting issues. Partnership would also help provide jobs for each country and also help to stimulate each country’s economy. This solution could also be a push toward helping developing countries. And what better way to solve the problem then by starting with the two biggest contributers.
http://www.newsweek.com/id/184785/page/2
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