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Why spending - not saving - will help make China greener [Copy link] 中文

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Post time 2016-2-11 08:54:25 |Display all floors
It makes sense to worry that weaning China off of king coal will lead to an economic slowdown.





But a new stud - co-written by an MIT professor and scholars at the Institute of Energy, Environment, and Economy, at Tsinghua University in Beijing - shows that China's newly announced plans to cap and trade carbon can reduce carbon dioxide (CO2) emissions significantly without hobbling economic g ...

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Post time 2016-2-11 08:54:26 |Display all floors
Savings is a good virtue. Spending what you can afford is a good practice in life. Quality spending rather than wasteful spending should be the practice for Chinese consumers. CO2 emission is a complex issue and has more to do with energy costs and government policies, which has complex relationships to economic growths, industrial growths and interests. USA is a high consumption and service country yet it has a huge pollution problem with only 1/4th China's population.

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Post time 2016-2-11 11:26:59 |Display all floors
As an example, with oil at $30 going down to the teens as projected by some experts, it'll be very hard to convince people not to use oil as an energy source vs. other more expensive sources such as shell, solar or wind. Besides, governments also have to take the oil industry into consideration, which is a vital industry for any economy with millions of jobs in the balance. Furthermore, economies that depend on oil exports must be taken into consideration too. As if they go bankrupt, it'll be a disaster for the world economy. No man is an island. Nowadays, no country can be an island. That's why President Xi's proposed theme of 'major country relationships' is so important in today's world.

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