well the british economist lord nicholas stern pointed out that someone is going to win this green race and the most likely candidate of the market is china it's making so much progress it's moved from being just a production house to becoming a leader in innovation and technology and it's this technology that could provide the next great leap forward according to pm module the chief economist of the people's bank of china spoke to the davos crowd this morning and said it's all about harnessing technology he says he already has the data to name and shame polluters and can ensure multinationals that their supply chains in china are green if they refer to their green commission's lists that they've drawn up it's all about green financing as well and he says the chinese banks are all behind that i also spoke about innovation with a managing partner of ernst and young julie teichmann and i asked her how innovation can make companies greener. innovation is a great mechanism to really support making businesses more sustainable and greener by allowing technology to look at new business models