China, motivated by economic and political factors, seems to be happily filling the climate power vacuum created by the U.S. exit.
In 2017, China voiced disappointment over the first U.S. withdrawal. It maintained its climate commitments and pledged to contribute more in climate finance to other developing countries than the U.S. had committed to – US$3.1 billion compared with $3 billion.
This time around, China is using leadership on climate change in ways that fit its broader strategy of gaining influence and economic power by supporting economic growth and cooperation in developing countries. Through its Belt and Road Initiative, China has scaled up renewable energy exports and development in other countries, such as investing in solar power in Egypt and wind energy development in Ethiopia.
While China is still the world's largest coal consumer, it has aggressively pursued investments in renewable energy at home, including solar, wind and electrification. In 2024, about half the renewable energy capacity built worldwide was in China...
No comments:
Post a Comment