Abstract
Although Chinese Premier Zhu Rongji may have failed to gain entrance for his country into the World Trade Organization during his April visit to the United States, the two countries concluded a series of agreements as part of the Second Session of the 2‐year‐old U.S.‐China Policy Forum on Environment and Development.A memorandum of understanding on a $100 million clean energy program accelerates the export of clean U.S. environmental technologies in the area of energy efficiency renewable energy, and pollution reduction. A statement of intent on the development of a Sulfur Dioxide (SO2) Emissions Trading Feasibility Study calls for China to develop a study to test the effectiveness of emissions trading in China as a market‐based approach to reducing greenhouse gas emissions. And a Memorandum of Understanding on a natural gas pipeline project, signed by the Enron Corporation and the China National Petroleum Corporation, opens the way to jointly developing a natural gas pipeline to help offer an alternative to fossil fuels.
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