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Climate among key areas for potential China-U S cooperation: Paulson

Climate among key areas for potential China-U S cooperation: Paulson - World News

Climate among key areas for potential China-U S cooperation: Paulson - World News
sina.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sina.com Daily Mail and Mail on Sunday newspapers.

Carbon-trading program may give China pricing power

With China s national-level carbon trading program ready to start by the end of June, domestic and foreign experts put high hopes on China s role in achieving carbon neutrality worldwide. China is also expected to gain strong pricing power, given its unprecedented efforts to cut carbon emissions, experts said on Sunday.

Biodiversity decline needs to become a top priority beyond governments

Race to Carbon Neutrality: Electric Vehicles in China and the United States

Race to Carbon Neutrality: Electric Vehicles in China and the United States The year of the Ox came riding in on an electric vehicle (EV) with news that both the United States and Chinese governments were accelerating efforts to expand EV markets. In 2020, China sold 41 percent of the world’s EVs and now, the United States wants to be in the race too. On January 1 of this year, China’s Ministry of Finance slashed subsidies on electric, plug-in hybrids, and fuel cell automobiles by 20 percent, which is around 9 percent of the average retail price. By the end of 2022, it will halt subsidies in an EV Darwinism move as it did with solar PV panel companies to give a boost to the strongest players. Also in January, the Biden Administration announced a plan to electrify 645,000 federally procured vehicles.

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