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Destination Net-Zero

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Add to Bookmarks China is aiming to halt the rise in its carbon dioxide emissions before 2030 and become carbon neutral before 2060, just ten years after the European Union. Although the Chinese and European pledges are currently not legally binding, they will likely have far-reaching implications for both the global green transition and great-power politics. In this Big Picture, the European Climate Foundation’s Laurence Tubiana argues that the two powers’ recent net-zero commitments, far from being merely aspirational, reflect a recognition that whoever moves first toward decarbonization will have a major

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China is aiming to halt the rise in its carbon dioxide emissions before 2030 and become carbon neutral before 2060, just ten years after the European Union. Although the Chinese and European pledges are currently not legally binding, they will likely have far-reaching implications for both the global green transition and great-power politics.

In this Big Picture, the European Climate Foundation’s Laurence Tubiana argues that the two powers’ recent net-zero commitments, far from being merely aspirational, reflect a recognition that whoever moves first toward decarbonization will have a major competitive advantage for decades to come. Erik Berglöf, chief economist of the Asian Infrastructure Investment Bank, explains why fulfilling President Xi Jinping’s carbon-neutrality pledge will require far more extensive public-private collaboration in China. And...

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