China’s Pivotal Role in Global Green Development: Insights from Jeffrey Sachs
As the world grapples with climate change and strives for sustainable development, China emerges as a crucial player with the potential to lead global efforts in green, long-term development. Renowned economist and sustainable development expert Jeffrey Sachs highlights China’s strengths in strategic planning and renewable energy technologies, suggesting that the nation can offer valuable experience to other countries in combating climate change.
China’s comprehensive and long-term planning, exemplified by its five-year plans, positions it uniquely to address environmental challenges. “China has very strong planning,” says Sachs, noting the effectiveness of bodies like the National Development and Reform Commission (NDRC) and the engineering prowess of the China State Grid. These institutions enable China to harness renewable energy resources efficiently, particularly in western regions and neighboring Mongolia, with vast potential for expansion.
Moreover, China leads globally in producing low-cost renewable energy technologies, including electric vehicles, photovoltaics, wind turbines, and advancements in 5G digital technologies. These innovations are crucial for transitioning to a green economy and are essential tools that China can share with the world.
However, Sachs points out challenges such as protectionist policies from the European Union and the United States, which hinder China’s exports and cooperation in green technologies. Recent investigations into Chinese electric vehicles in the EU and political pressures in the US exemplify these hurdles.
“China needs to have good, frank discussions with the European Union and the US,” advises Sachs. He emphasizes the importance of reinvigorating the World Trade Organization to address unfair trade barriers and encourages collaborative efforts rather than competition in the realm of sustainable development.
Recognizing these obstacles, Sachs suggests that China can focus on emerging markets in Africa, Southeast Asia, South Asia, Central Asia, and Latin America. Initiatives like the Belt and Road Initiative (BRI) can play a pivotal role by providing long-term financing and facilitating access to renewable energy technologies in developing countries.
“The Belt and Road Initiative can help poor countries to get low-cost solar, low-cost hydro, and long-term financing. It’s the whole package,” Sachs explains. By supporting these nations in achieving sustainable growth, China not only fosters global development but also expands its economic partnerships.
In conclusion, China’s capabilities in long-term planning and renewable technologies position it as a key contributor to global green development. Collaborative efforts and open dialogue with international partners can enhance these contributions, overcoming protectionist barriers and promoting sustainable progress worldwide.
Reference(s):
China can help the world achieve green, long-term development
cgtn.com
