CHINA HAS a track record of making rapid change. Within a decade or two, the world’s most populous country has become its biggest market for passenger cars, its biggest e-commerce market, its biggest exporter -- and its biggest source of carbon emissions.
So it should come as no surprise that China has now assumed a leadership position in green-investment.
China is ploughing billions into clean energy, promoting the use of electric vehicles, investing in low-emissions infrastructure for its fast-growing cities, and widening the options for green financing.
Efforts to decarbonise and green China’s economy permeate the very fabric of its economic endeavours: while they aim to tackle pollution and climate change, they also dovetail with Beijing’s goal of taking the economy up the value chain, boosting home-grown high-tech industries and the high-end jobs that come with them, and paving the way for more sustainable, balanced and ecologically-aware economic expansion.