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.

  • OgdenTO [he/him]
    ·
    4 years ago

    This isn't going to make big energy companies who run US foreign policy very happy.