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Reducing carbon emissions to reach environmental goals will require many different approaches, not just a transition to renewable energy sources. One important technology is carbon capture and storage, or CCS. Its potential for reducing CO2 emissions is significant, but high costs and uncertainties are slowing its development.
Dr. Carole Nakhle
has made big strides in greening its energy sector. But while some hope this
means the country can become a new leader in the fight against global climate
change, Beijing’s goals are different. The moves it is making now are aimed at
putting China in an advantageous geopolitical position, especially in terms of
trade. Moreover, its momentum on the green energy front may not be sustainable.
Dr. Frank Umbach
In recent years, rich Western countries and international financial institutions have adopted policies to restrict the construction of new coal power plants overseas. However, China has now risen to become the largest global provider of public financing for such projects – and is powering full steam ahead. Though they contradict Beijing’s global climate obligations...
Emerging economies are frequently criticised for developing their economies at the expense of the environment. But figures show that if they adopted a free trade regime they could access the same state-of-the-art technologies as the developed world. This move would reduce their carbon emissions dramatically.
Barun S. Mitra