Davos 2010 - Race Is [Allegedly] on to Develop Green, Clean Technology - NYTimes.com

“Six months ago my biggest worry was that an emissions deal would make American business less competitive compared to China,” said Senator Lindsay Graham, a Republican from South Carolina who has been deeply involved in climate change issues in Congress. “Now my concern is that every day that we delay trying to find a price for carbon is a day that China uses to dominate the green economy.”

1. If China is dominating the "green" economy without cap and trade, why does the US need cap and trade?

2. If China is dominating the "green" economy, why do they burn so much coal?

Cold snap triggers power shortage in China's coal heartland | News.com.au

Shanxi is China's coal heartland, the biggest producer of a fossil fuel that provides 70 per cent of the nation's fast-growing energy needs. It is also home to many coal-burning power plants.

2007: Energy Intensity and GDP

It is clear that China has placed enormous emphasis on their large endowment of coal. Recent reports indicate that they have plans to build two or three coal-fired power plants per week for at least the next decade.