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Opinion / #manufacturing
COP30 agreed to triple adaptation finance, but the fashion industry needs adaptation measures now.
Given that China is the world’s largest emitter and has a high carbon intensity, some assume that its trade war with the United States, which has shifted production to third countries, would have environmental benefits. In fact, the conflict has increased carbon dioxide emissions in developing and advanced economies alike.
Coalbed methane is an underappreciated problem of global steel production. While cutting methane emissions in the steel supply chain will not produce green steel overnight, it could reduce the sector’s emissions by the equivalent of a billion tons of carbon annually, and at little cost.
The European Union faces a strategic choice in deciding how to deal with China’s green-tech dominance. Instead of implementing defensive industrial policy, it should try to find common cause with China on clean trade and investment, using its strengths in rulemaking and norm-setting to promote both sides’ economic interests.
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