3 42 China , theEUandLatinAmerica:CurrentIssuesandFutureCooperation countriescouldalsomeetpartoftheirobligationsforreducingemissionsunderthe KyotoProtocolbyreceivingcreditsforinvestinginprojectsthatreducecarbon emissionsindevelopingcountries.However , developedcountriescouldalso adopta moreambitiousprogrammeoftransferringadvancedclean energy technologiestothedevelopingworld.Chinahasjoinedwithotherdeveloping countriestodemandthatdevelopedcountriesprovidenoncommercialtechnology assistancetodevelopingcountriestohelpthemcopewithclimatechangeand cultivatelowcarbonemissioneconomies. Byshifting thefocus ofclimate talksto adaptation , and away from mitigation , boththerichandpoorcountriescouldavoiddoingwhattheyhave dreadedthemost:demandingthatcountrieswithentrenchedeconomicinterests reducetheirgreenhousegasemissions.Chinahasresistedproposalstoimposea globalcarbontax ( aproposalsupportedbytheEU ) asamitigationmeasurefrom whichrevenuecouldbeusedtofinancetechnologicaltransfers.Ahighertrade dependencewouldresultinasharingoftheburdenassociated with Chinas energyintensiveindustriesandresultingcarbonemissions.In2005 , Chinas GDPwasRMB18 , 670billion , anditsexportsofgoodsandservicestotalled aroundRMB6 , 858billion.In2006 , ChinasGDPwasRMB21 , 438billionand itsexportsofgoodsandservicesRMB8 , 396billion ( EconomistIntelligenceUnit 2007 ) .ChinaisagainsttheglobalcarbontaxproposedbytheEU becauseit believesitwouldhinderitseconomicdevelopment. 4.4 ChinasShifttoaLowcarbonEconomy Thegloballowcarbonfutureandtheemergenceoflowcarbontechnology willenhancetheenergyindustryworldwide , aswellasthestrategicpositionof theequipment manufacturingindustry.Chinaisfacingbothunprecedented competitivepressureandopportunitiesfordevelopment.Intheprocess , China hasstrengtheneditslaws , regulations , policies , systemsand management mechanismstoactivelyaddressclimatechange , andalsotocreateastrong institutional , policyandmarketenvironmentforthelowcarbondevelopmentof enterprises.Withregardtoitsindustrialinfrastructureandcapacities , Chinahas carriedoutindustrialupgrades , eliminatedoutdatedproductioncapacityand focusedonenergyefficiencyandpositiveinvestmentsingreenenergy.More importantly , a range oftools have been used to help establish market mechanismsandindustrialsystems , suchasencouragingtechnicalinnovation , promotinglegislation , changingconsumptionpatternsandestablishingacarbon market.Atthesametime , Chinahasalsoappropriatelyadjusteditstradepolicy , imposedrestrictionsontheexportofhighenergyconsumptionproductsand
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