Senior PwC advisor confident in China's green economy

12:36, October 17, 2010      

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China has laid a firm foundation for green development and will achieve its ambitious target on increasing the use of renewable resources, a senior advisor with PricewaterhouseCoopers (PwC) said Saturday.

Referring to China's bid to produce 20 percent of its energy with renewable resources by 2020, Thierry Raes, a partner with PricewaterhouseCoopers Advisory, said the goal is "very ambitious."

"But that's a sign that China decides to do it. China will honor its words," he told Xinhua in an exclusive interview on the sidelines of the 6th Women's Forum for Economy and Society that lasted from Thursday to Saturday in France.

"The funding is there. The regulation is there. The knowledge is there. So why it wouldn't work if there a willingness from the government to do it?" he added.

China is at the leading place in terms of photovoltaic usage and wind power and has made concrete progress this year to reduce pollution, noted Raes, who serves as director of the company's Sustainable Development Department.

So far this year, Beijing has closed over 2,000 cement plants, paper plants, steel factories and other manufacturers using outdated machines and highly-polluting technologies.

"Sometimes people believe that China is not doing efforts and Europe is at the head of the pack leading all the countries in environment. This may be true, but not completely true, because we have the same objective as you have," Raes said.

"Learning from the nature -- not just extract resources from the nature, I think this is something closer to Chinese mentality than that is to western mentality, which makes me as well confident at these targets we mentioned," he added.

Citing Taoism on the man-nature relationship and Confucianism on social harmony, the French analyst said, "If you have them together, this is not far from our concept of sustainability. This is deeply rooted in the Chinese mentality."

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