China’s state-led investment in clean energy is now the main determining factor in how quickly the world decarbonises, according to a report by London-based think tank Ember.
“Within China there is a realisation that the old development paradigm centred on fossil fuels has run its course, and is not fit for 21st century realities,” says the report, published on Tuesday. “The government’s aim to establish an ‘ecological civilisation,’ which simultaneously delivers on economic, social and environmental goals, is the response, embedded in the Constitution since 2018.”
