Solar Panels, China, Climate Change discussed on Knowledge@Wharton - Will China Become a Leader in Clean Energy?
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Noncarbon uh renewable type energies china is a major manufacturing source for things like solar panels clearly they're investing in that kind of capacity uh so there's a lot of of growth on that front china also is is in the middle of a long term push for an innovation economy which means r d in tech and certainly green energy is part of that sort of the the true energy side of of there's a political side to this too and as with the tpp that they trump withdrawal from the trans pacific partnership so too was the paris climate accord dissents it's allowing china to step into this leadership role without having to bear the full cost of leadership ready us we're still fully engaged to be more pressure on china to be more concrete to bear a specific burdens but as it is now china gets disorder step into the rhetorical vacuum and so of xi jinping could go to davos and say we're in favor of economic globalization and not get the kind of pushback you ordinarily would have gotten on opening up the chinese economy on very market reforms are still needed we're gonna see that on climate now to uh that the now's the reason stand up there with china and basically embracing a general way uh this notion of of dealing with climate change and in some sense that the tough details china doesn't have to bear as much heat for because right now we're back to fighting a a a battle we thought we'd already fought and one which is getting the major emitters on board with some kind of reduction plan that hopefully will keep us around two degrees celsius two things at alex for you a cut of playing off of what jacques said uh obviously the the future for china and the economy is something that we've talked about quite a bit uh on the show in the past and the fact that president g uh has it kind of taken a is shark mention going to davos and and being a very uh visually evident with these meetings with president trump recently he is seemingly taking a quite a step forward as a world leader and it would seem to be uh that if china is going to be moving forward they have greater opportunity to to build relations even further with european union countries.