REPUBLIC OF CHINA
Climate idea
Climate idea
Peter Karanga
13 w
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Economists urge China to think ‘beyond GDP’ to head off climate risks
A team of influential economists has urged China to adopt a new development model based on “wellbeing” rather than GDP growth in order to fulfil its 2060 net-zero emissions goals and head off the mounting threats of climate change.
In a report published on Thursday, the team – which includes two former chief economists of the World Bank – also called on China to cap total fossil fuel consumption and establish a detailed “pathway” for reducing emissions.
The report and its recommendations have already been submitted to the Chinese government. Co-author Nicholas Stern, chair of Britain’s Grantham Research Institute on Climate Change and the Environment, told reporters he hoped it would play a constructive role in China’s 2026-2030 “five-year plan”.
The old development model drove rapid growth in China over the last four decades, but is putting the world at “grave risk”, the report said.
https://www.hellenicshippingnews.com/economists-urge-china-to-think-beyond-gdp-to-head-off-climate-risks/
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12 w
Its really sad if China has not yet capped their pathway of reducing emissions.
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12 w
We need to prioritize climate action if we are to head off the mounting threats of climate change.