(Bloomberg) -- Efforts by the US and Europe to stem China's dominance in green technologies risk stalling the fight against global warming, according to the ...
-- Efforts by the US and Europe to stem China 's dominance in green technologies risk stalling the fight against global warming , according to the veteran diplomat tasked by Xi Jinping to represent the top polluter on climate issues.Treasuries Rally With Fed Not as Hawkish as Feared: Markets Wrap
“After more than a decade of their hard work, now we have cheaper wind and solar products, which make it more affordable to start the energy transition,” he said. “I think that this is good for both China and the world.”Liu, who will meet in Washington with counterpart John Podesta, is optimistic over China’s ability to meet Xi’s targets to peak carbon emissions by 2030 and hit net zero by 2060. He also sees the US and China as able to cooperate to continue to lead global action.
China’s previous envoy Xie Zhenhua, who Liu calls a “climate hero,” is widely credited with helping convince Xi to set a 2060 goal for carbon neutrality. Xie had served as the No. 2 official at China’s top economic planning body, and ran a highly respected climate science institute at Tsinghua University.“Liu is really smart, but no one really has a clear sense yet of his capability to sway agents of decision making,” Combs said.
Clean energy sources could eventually account for more than 80% of China’s power mix, Liu said in the interview. Coal currently makes up about 56% of electricity generation and will continue to decline, he said.
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