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Emissions success depends on China's economy slowing

Tuesday, July 20, 2021

Significance

However, the 14th Five-Year Plan, published in March 2021, failed to provide clear guidance on how to achieve this. Meanwhile, a post-COVID-19 economic stimulus has accelerated infrastructure investment, increasing carbon emissions.

Impacts

  • Chinese and foreign firms operating in China will increasingly be pressed to draw up emissions reduction strategies.
  • Firms struggling to reduce emissions in China may choose to move operations to countries with cleaner energy sources.
  • Piecemeal policy may encourage offshoring, as is now underway with bitcoin mining.

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