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.
That's something the confuses me; wouldn't switching to green energy be good for capitalist? Massive spending to getting it done, tons of money to be made off of it. Is it literally just that the fossil fuel companies have that much control?
I mean, it's complicated. The energy companies really would like to move towards renewables and IIRC are continuing to move more and more money into it, if not because they care about the environment then because they know everything's going that way anyway so they can either be leaders now or give up the field to someone else in the near future.
That said, they can't just drop fossil fuels in the short term and expect to stay in business. Ironically, the more money they invest in renewables, the more fossil fuels they need to sell in the short term to break even on it.
Interesting, thanks for the info. I've read that most of these energy company's value is in fossil fuel reserves they own the rights to. So if we actually were to move on from fossil fuels or even just start or commit to it these companies could literally lose most of there value overnight.
Switching to renewables eliminates the strongest commodity on planet earth. No one is richer than oil companies.
There's no money in renewables because what are you even going to charge for beyond the initial investment and maintenance?
This isn't going to make big energy companies who run US foreign policy very happy.
Turns out a state that doesn't waste billions on burning resources to move metal boxes around can save money. shockedpokemon.jpeg
🎵 another working day has ended
only the rush hour hell to face
packed like lemmings into shiny metal boxes
contestants in a suicidal race 🎵
At the same time, 2060 seems like it's way off the ideal projected CO2 reduction year. 2030 may be nearly impossible, but even China should be aiming for that, shouldn't they?
This is co2 neutral ie no emissions or offset emissions, China is still on track to reach co2 Paris agreement targets ahead of schedule:
https://www.google.dk/amp/s/www.carbonbrief.org/chinas-emissions-could-peak-10-years-earlier-than-paris-climate-pledge/amp
The first ten years of the agreement, they were allowed to increase emissions, as part of the historical understanding that the West traditionally had been the problem.
0.25C lmao
The country with the strongest commitment on the planet right now is aiming for a slightly cooler apocalypse.
We are completely fucked if this is the trajectory of things.
As long as the US continues doing nothing, and Europe continues the half hearth greenwashing it's currently doing, it's kinda limited what China can do to solve this issue. We still produce 2x-4x as many emissions pr capita. This is a global issue and will not be solved by any one individual country.
The fact that China can commit to going CO2 neutral and still be the production center of the world, should tell you that all the excuses you've heard from western politicians over the last 3+ decades are complete bullshit.
