![]() ![]() It is therefore poised to meet growing global demand for cleaner technologies. However, they are likely also shaped by the immense economic opportunities and geopolitical advantages of a low-carbon transition.įirst, China has positioned itself as a leading manufacturer of green technologies, from electric vehicles to solar panels to wind turbines. ![]() These numbers lend credence to President Xi Jinping’s recent pledge to pursue carbon neutrality.Ĭhina’s new commitments are no doubt partially informed by the scientific evidence on the catastrophic consequences of climate change. According to the Energy Policy Tracker developed by ODI and partners, only Germany spends more. Since then, its attention has been focused on protecting public health and stimulating a rapid economic recovery – including spending a whopping $27.5 billion on the clean energy sector. Sarah Colenbrander: China set to be the big winner in a global low-carbon transitionĪlthough Covid-19 originated in Wuhan, China almost eliminated the virus as early as April. Below our experts share their views on what the announcement signals for the global low-carbon transition, multilateralism and China’s role in the world. This announcement has surprised many in the international community but has been equally welcomed at a crucial time in the global fight against climate change. At its address to the 75th session of the UN General Assembly (UNGA 75) last month, President Xi Jinping declared that China will ‘aim to have CO2 emissions peak before 2030 and achieve carbon neutrality before 2060.’ ![]()
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