“China promises less-wasteful growth in 2008″

For investors, these troubles might also present some opportunities. The renewable energy sector is worth a look as China can be expected to throw money at the problem. According to Worldwatch China, will invest over $10 billion in new renewables capacity in 2007, second only to Germany. It is also expected to become the world’s largest manufacturer of solar- and wind-energy equipment over the next three years.

And Al Gore addresses the U.S. and China on global warming:

OSLO, Norway (AP) — Al Gore received his Nobel Peace Prize on Monday and urged the United States and China to make the boldest moves on climate change or “stand accountable before history for their failure to act.”

Here’s an account from Wired News.