Economists urge China to think 'beyond GDP' to head off climate risks

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A team of influential economists has urged China to adopt a new development model based on ‘wellbeing’ rather than GDP growth in order to fulfil its 2060 net-zero emissions goals and head off the mounting threats of climate change

China is aiming to bring emissions to a peak by 2030, though it currently remains unclear at what level they will peak. Stern said it needed to set a specific numerical target in order to bring "clarity" to its decision-making.

The report also called on China to give greater prominence to public transport and set a timetable for the elimination of fossil-fuel vehicles. China should also promote low-carbon agriculture, including plant-based meat and dairy, it said. China began experimenting with "green GDP" in 2005 as concerns mounted about the environmental damage done by rapid industrialisation. A 2006 government report concluded that environmental losses amounted to 3% of total GDP, but critics believed the actual figure was much higher.

Though the green GDP project was cancelled in 2009, China promised in 2013 to abandon a "growth at all costs" model and said GDP would no longer be the sole criteria on which officials would be assessed. Some provinces have recently resumed efforts to create new indicators reflecting the environmental costs of development, with central China's Hubei using a pilot "gross ecosystem product" that can be applied to individual districts, rivers or development projects.

 

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Now that would be taking a leadership position.

Let China first beat the U.S. as the world's largest economy and then tell them to worry about this well-being development model.

And China will reply by giving you the middle finger

You guys should really fact check this WHO Pandemic Treaty that Biden signed. He wants everyone to be forced jabbed, forced concentration camps and forced lockdowns. All in the name of science. Suprised you haven't fact checked it to my knowledge.

They are learning from their brothers, Russia with North Korea, Iran, Afghanistan, ready to isolate themselves!

The only peaceful, practical & feasible way forward. It should be a global consideration and cooperation.

🤣🤣🤣🤣like China has any plans of meeting any net zero goal ever.

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