Now that the U.S. housing market has cooled off, American investors are looking to the Chinese coal industry. Another risky proposition, but for different reasons. As China's appetite for coal is booming, American investors and businesses are cashing in. American pension and mutual fund money is being invested in the Chinese coal industry ... "In general, they're doing a very smart thing," said Mike Tian, an analyst with independent investment research company Morningstar. "That's where the money is."

David linked to the Reuters report about China's refusal to accept binding emissions caps in any international agreement. On the topic of China and climate change, last week I got some face time with the head of the World Bank's energy unit in Beijing, Dr. Zhao. Too much for one blog post, but here are some highlights: According to his research, the World Bank's go-to guy on these matters believes: "It will be difficult or even impossible for China to reduce CO2 emissions in absolute terms." Depressing conclusion. As he saw it, "The question now is, what can be down …

I arrived in Beijing in late October, in time for the last days of the Communist Party's 17th National Congress. That's the top political conference that takes place once every five years, and the city was swarming with national and international visitors and press. That day there were blue skies in Beijing. No kidding. The streets were swept clean, the sidewalk vendors gone, the DVD hawkers on holiday. There were many more police on the street, fewer cars. The sunset looked oily, a slick translucent glow to the clouds -- but the last time I visited Beijing in April, I …

A few years ago, Boeing was struggling. Sales were slipping, financial forecasts grim. Meanwhile Airbus, a foreign competitor, passed the former champ in total sales. Now the tables are turned. There are several reasons for the stellar advance sales of Boeing's new 787 Dreamliner, but I can't help but point out one: After years of research into lightweight carbon-fiber, which now replaces heavier aluminum for the jet's fuselage and wings, the Dreamliner can sail with an estimated 20-30 percent less fuel per passenger. What's the company's reasoning behind increasing fuel efficiency? It's better for business, of course.

You can watch Disney and the Department of Energy's co-produced energy-efficiency PSA here. It's half an ad for Ratatouille, half a push for compact fluorescent lightbulbs. Maybe the marketing theory is, "Hook 'em while they're young." Works for soft drinks and breakfast cereals. Perhaps it will work for Energy Star, too.

It's official. China is now the world's top emitter of greenhouse gases. Having spent much of this spring reporting in China, I'd like to second just about everything David said yesterday on the topic. But I have one ginormous point to add. It's not just money that's needed. Yes, it'd be a good thing if Hill folks stopped bashing technology-exchange programs as lending an "unfair competitive advantage." And yes, let's stop painting China as the international bad guy. It ain't helpful, especially when the Chinese can rightly point out that Americans and Europeans are still, per capita, the world's energy …

As globalization takes off, it's not only governments that have the power to affect millions of lives. We expect to hold democratically elected officials accountable -- but what about unelected bigwigs, CEOs, foundation heads, philanthropists, and NGO leaders? Yesterday, London-based One World Trust unveiled its "2006 Global Accountability Report" at the Washington HQ of the World Bank. The report scored large international organizations (World Health Organization, World Bank, International Monetary Fund, etc.), corporations (Exxon-Mobil, Microsoft, etc.), and nonprofits (WWF International, Nature Conservancy, etc.) on how well they solicited and responded to public feedback, made decisions transparent, involved many stakeholders, and …

The 2008 Democratic Convention will be held in Denver, Colorado. The New York Times wonders if this is a diss to the Big Apple, but I'm celebrating. Holding the Olympics of politics in the West means a spotlight on green issues that have recently helped turned Colorado blue.

Not all investors, CEOs, and lobbyists were sad to see the GOP lose on Tuesday. From Bloomberg: Shares of Archer Daniels Midland Co. and VeraSun Energy Corp., the two biggest U.S. ethanol producers, soared on speculation that Democratic control of the U.S. House of Representatives will boost demand ... "A Democrat-led House is likely to amount to a political net plus for the ethanol industry," Stanford Group Co. analyst Mark McMinimy wrote today in a report to clients. "The political climate for ethanol in the Congress will shift from an environment that was already favorable to one that is promising …

The Webb v. Allen Senate race in Virginia, a nailbiter all night -- with Democrat Jim Webb drawing a tiny lead over Republican George Allen as the last precincts were counted -- looks to be headed for a recount. Which party controls the Senate will likely hinge upon the race's outcome, and we might not know a final answer for another month. Joy.