Bloomberg reports that China has stated its climate targets can’t compromise energy security.
- China has set 2030 as its target date to begin reducing emissions, with the goal of being carbon neutral by 2060.
- Developing nations will only begin to reduce emissions and tackle decarbonization when it is in their best economic interest to do so.
- The United States can aid in this process by exporting our innovative clean technologies and economic freedom to the rest of the world to lower the costs of addressing climate change.
“Xi has long stressed the need to strengthen domestic oil and gas production. But his latest, broader, comments once again bring China’s persistent anxieties around the supply of food, energy and materials to the fore. And they highlight how the campaign to reduce emissions has at times come into direct conflict with efforts to check commodities prices, which have surged over the past year in large part because of a shortage of coal and rising power costs.”
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