The root of the climate crisis is “not capitalism but the corruption of capitalism”, according to the author of a new book on how people, policy and technology are working to stop the planet from heating. Akshat Rathi, a climate reporter with financial news outlet Bloomberg, argues that smart policies can harness capitalism to cut carbon pollution without killing markets or competition. “It is now cheaper to save the world than destroy it,” he writes, adding that this holds true even when viewed through a narrow capitalist lens. “Capitalism cannot…
Tag: Green economy
Europe and the US should work with China. Joint climate action could be a win-win
Our polarised world is failing to tackle the climate crisis at the required speed. The only way to reverse this catastrophic situation is to get the three largest historical emitters – the US, Europe and China – to join forces, directly or indirectly, to accelerate the global shift to green energy. After months of rising tensions, the possible visit to Washington of the Chinese foreign minister, Wang Yi, later this month could pave the way for a highly anticipated but still unscheduled summit between presidents Joe Biden and Xi Jinping,…
Is China really leading the clean energy revolution? Not exactly | Li Shuo
Big numbers are a hallmark of China’s economy and now its energy transition: they thrill, they mystify, and at times they contradict, at least on the surface. China’s solar capacity is now 228 gigawatts (GW), more than the rest of the world combined, according to Global Energy Monitor. And wind capacity, at a whopping 310GW, also leads the world. With another 750GW of new wind and solar projects in the pipeline, China will hit its 2030 target of 1,200GW – an unimaginable number when proposed just a few years ago…
China accused of scores of abuses linked to ‘green mineral’ mining
A new report into China’s dominance in the green-energy market has identified more than a hundred allegations of environmental and human rights violations linked to its overseas transition mineral investments over the past two years. China dominates the processing and refining of lithium, cobalt, copper, manganese, nickel, zinc, chromium, aluminium and rare-earth elements – and the manufacturing of technologies like solar panels, wind turbines and batteries for electric vehicles (EV), which require so-called transition minerals. The Business & Human Rights Resource Centre (BHRRC), a corporate watchdog that tracks the local…
China’s future to AI and jobs: five big questions from Davos
A number of big themes emerged from the World Economic Forum in the Swiss resort Davos. Here are five of most pressing questions that came to dominate this year’s gathering of the global elite. Will China be forced to make friends with the west? Donald Trump’s trade war with China – continued by his successor Joe Biden – has left relations between east and west at rock bottom. But with Covid and trade tensions halving Chinese growth last year to just 3% and western businesses such as Apple moving business…