#3 of 6: China Will Slow Down Climate Change Mitigation
Sustainable Future Outlook:
- But there is a risk to thinking that China will seriously act at all in any time in the near future on climate change.
- As China is likely to build itself up strategically through creating a “hard” currency by recycling its energy spending with its energy suppliers into rising RMB against the dollar and a rising equity market, it will be unlikely that China will make any meaningful progress on the climate change front.
- Therefore – Macro ESG’s assessment from China’s likely set of incentives based on 2nd and 3rd order changes through integrating markets, politics, and technology for a sustainable future – China will not want to upset its client energy suppliers with a big push to decarbonize.
- In a sense, Chinese elites will have been captured by the hydrocarbon elites much like the Republican party has in the United States.
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