China will grow on a scale the world has never seen before. Can that growth be green?

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The environmental consequences of China's economic growth are both well-known and horrifying: more cars, more coal and more toxic crud fouling its streams and rivers. Less appreciated are the reasons for hope.

"This is a critical year, really a transformational moment," says Li Lu, the chairman of Himalaya Capital Management and a leading candidate to take over for Warren Buffett when the investing guru eventually retires.  (Li's chances improved recently when leading rival David Sokol parted ways with Berkshire Hathaway (BRKB).) More