Caixin
Nov 12, 2011 06:23 PM

【Caixin Summit】Analysts: Green Policies a Tough Sell in China

(Beijing) – As one of the world's largest carbon dioxide emitters, Chinese companies must begin to place an emphasis on energy conservation and environmental protection, despite several barriers ahead, analysts at the Caixin Summit said November 12.

Li Shan, chairman and CEO of Chinastone Capital Management Ltd., said it will be difficult for the Chinese government to implement environmental policies as long as the manufacturing sector continues to dominate the Chinese economy.

Coal mining accounts for 70 percent of China's commodities industry. In Shanxi and Inner Mongolia, the consolidation of coal mines since 2008 has brought about some improvements to environmental policies, but another challenge is local government enforcement of environmental laws.

Vivek Tulpule, head of economics and chief economist of Rio Tinto Group, said that natural resource conservation is an issue to not only a country but to mining companies looking for sustainable growth. Tulpule said water scarcity is one of the biggest concerns that Rio Tinto has sought to address.

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