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China’s belt and road can lead the world to a greener future

Andrew Leung says the Paris climate accord is in tune with UN goals, which have much synergy with the vision of the ‘Belt and Road Initiative’, meaning China is well-placed to steer a global response to global warming

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Andrew Leung says the Paris climate accord is in tune with UN goals, which have much synergy with the vision of the ‘Belt and Road Initiative’, meaning China is well-placed to steer a global response to global warming
China is ­investing more in renewable energy than any other nation, pledging a further US$360 billion by 2020. Illustration: Craig Stephens
China is ­investing more in renewable energy than any other nation, pledging a further US$360 billion by 2020. Illustration: Craig Stephens
Following US President Donald Trump’s decision to quit the Paris Agreement on climate change, three questions of strategic import beg to be answered.
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First, how will other large backers of the climate accord, like the EU, China, Japan and India, address the resultant deficit in financial and emission commitments?

Second, with financial assistance expected to be curtailed due to the US withdrawal, how can less-developed nations diversify from carbon-intensive development?

Third, what will be China’s role in all this as the world’s largest ­carbon emitter?

There is little doubt that the Paris Agreement, signed by 195 countries and ratified by 148, has won widespread support from both developed and developing countries. This outcome has been driven not only by looming climate change threats to security and livelihoods, but also by fast-growing green-economy businesses and their job-creation capacities.

US withdrawal will not mean the death of the Paris climate accord

It’s no wonder that American mayors, governors, academics and business leaders are rallying behind Michael Bloomberg, former mayor of New York, to submit a plan to the UN pledging to help the US to meet its Paris commitments, regardless of Trump.

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