'I think China has been very sensitive and has actually invested a lot in their solutions to achieve their goals,' U.S. Energy Secretary Jennifer Granholm said.
How China is Combating Climate Change
Granholm's recent praise seems to be relevant to some of China's announced climate ambitions. The country has set out national policies through five-year plans that would tackle climate change for each political term,reported in November. For its 14th plan, from 2021 to 2025, China vowed to be committed to reduce the amount of carbon emissions per unit of GDP by 65 percent.
Additionally, Chinese banks vowed to not invest in new overseas coal projects. Shuang Liu, senior associate at the World Resources Institute, recently told the Asia Society,"We haven't seen any new coal projects after September 2021, so the data also supports the progress we've seen on overseas coal investment."
China also heavily invested in electric vehicles, as it had around 10 million new-energy vehicles by June 2022, according to a by the LSE. Those vehicles include battery electric, plug-in hybrid and fuel cell.
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