CHINA’s Chairman Deng Xiaoping (1904-1997) once said, “The Middle East has its oil, China has rare earth.” In 1987, he predicted that one day, rare earths will replace oil in lubricating the world’s economy – an economy driven by sustainability where fossil fuels were no longer critical.

Finding solutions to the climate change dilemma is a key global agenda. All the polls show there are more believers in climate change than deniers now, even in the United States. Globally, countries have embraced low-carbon economic development policies.