China’s efforts to shift away from coal will be blunted by the country’s growing carbon footprint overseas, argues Nobel laureate Joseph Stiglitz.
Climate change is now firmly at the top of the agenda, especially in China.
The world’s largest polluter wants to become an example of a less carbon-intensive economy, one which embraces renewable energy, makes the transition away from coal and has the capacity to capture carbon instead of emit it.
But can China ‘decarbonise’ its economy, and what does cutting carbon domestically mean for the rest of the world?
According to the 2001 winner of the Nobel Prize for Economics, Joseph Stiglitz, there is a certain dilemma regarding China’s role in moving towards a low-carbon economy, especially given its deeper engagement with Latin America, the new frontier for the reproduction of Chinese capital.
Latin America will be the target of massive investments, to the tune of US$250 billion (1.55 trillion yuan) over the next decade, Chinese President Xi Jinping promised in January.
“I see that the Chinese Government is very committed to climate change at the national level. But they are also committed to development. This is one of the tensions. China has worked to reduce emissions within the country with some success, but just increasing the GDP causes more emissions,” said Stiglitz at a scientific conference on climate change in Paris earlier this month.
Two thousand researchers attended the conference held at UNESCO’s headquarters entitled Our Common Future Under Climate Change, and were keen to report their findings in advance of the United Nations Conference on Climate Change (COP21), which will be held in Paris at the end of the year.
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Initiated in 2015, the French Ministry for the Armed Forces organized the first international conference “Defence and climate: what are the stakes?”. Since then, the Ministry has been constantly adapting and developing its capacity of anticipation.
On 25 January 2019, the UN Security Council held an open debate to discuss the security implications of climate-related disaster events. The meeting, initiated by the Dominican Republic, underscored the global nature of climate-related disasters. Most speakers highlighted the need for better climate risk management as an important contribution to safeguarding international peace and security. The debate marks the beginning of a year in which climate security ranks high on the UN’s agenda.
Today, Friday 25th January 2019, the UN Security Council will hold an open debate addressing the impacts of climate-related disasters on international peace and security (at 4pm CET and 10am EST). President Danilo Medina of the Dominican Republic will chair the meeting, which will also include the participation of several member states at ministerial level.
The unabated growth of natural resource consumption raises risks that we will outstrip the capacities of ecosystems and governance institutions. At the same time, to achieve important global goals related to poverty alleviation, public health, equity and economic development such as those embodied in the United Nations Sustainable Development Goals (SDGs), we will simultaneously need more resources and better management of natural resources everywhere.