Addressing energy wastage and taming manufacturing overcapacity are among the domestic issues that China must address as it strives to meet its climate goals.
At 2°C warming, US$1.2 trillion a year is needed to protect everyone exposed to climate hazards. That may sound expensive, but the benefits of this adaptation would exceed the cost by roughly seven times.
A decade ago, few governments could imagine a future without fossil fuels. But economic realities have changed and developing countries increasingly view the energy transition as a pathway to green growth.