China´s energy and environment

While the continued emergence of China´s economy has benefited its own people and other nations as well, it has negatively affected its energy resources and the environment. It has thus become critical for China to curb its energy consumption and environmental impact for sustainable development. Recognizing the problem, the Chinese government has moved to enshrine in policy making the concept of a green GDP by experimenting on managed market-based mechanisms with markets, regulations, taxes, and tariffs to achieve a balanced development