Pollution problems in China, are by no means new. But heightened public anger - and a growing political will to deal with the issue - has created opportunities for firms to earn a slice of China's clean-technology market, which is set to triple to $555 billion by 2020, according to the U.S. Department of Commerce.A chance to improve the balance of trade while improving the lives of the Chinese! Where is Champ on this issue?
"China has reached a saturation level which people can no longer tolerate," said the president of the U.S.-China Clean Tech Center, which takes U.S. companies to China to meet potential partners.
Sort of like a dating service.
Coal accounts for more than two-thirds of China's primary energy consumption. China is pushing to reduce nitrogen oxide (NOx) pollutants from power plant emissions and offering subsidies to get firms on board. The cost of retrofitting all China's power plants over a 5-year period is around $11 billion.
How long before there is a CEPA (Chinese EPA)?