Climate idea

Peter Karanga

13 w


Climate idea

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.

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  • Tabitha Kimani

    12 w

    Its really sad if China has not yet capped their pathway of reducing emissions.

    • George Kariuki

      12 w

      We need to prioritize climate action if we are to head off the mounting threats of climate change.

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