China’s surprise pledge to reach “carbon neutrality” before 2060 could cut global warming this century by 0.25C and raise the country’s GDP, our new analysis shows.

The huge scale of investments required to do Net Zero CO2 Emissions would raise China’s GDP by as much as 5% later this decade, with a modest ongoing positive impact due to reduced fossil-fuel imports.

China’s investments would not only drive dramatic reductions in its own CO2 emissions, but would also lower the cost of clean energy, creating a positive “spillover” effect in other countries.

  • PorkrollPosadist [he/him, they/them]
    ·
    4 years ago

    🎵 another working day has ended

    only the rush hour hell to face

    packed like lemmings into shiny metal boxes

    contestants in a suicidal race 🎵