Wednesday, September 04, 2019

Chinese Belt and Road Plan ‘May Result in 2.7C Warming’

 Without green policy controls, $12tn programme could promote development that would compromise the goals of the Paris Agreement, report finds.


Port Qasim coal plant, Pakistan, is one of many financed by China worldwide (Photo Credit: Twitter/Developing Pakistan) Click to Enlarge.
China’s multi-trillion dollar global investment plans could blow the 2C warming limit set by the Paris Agreement without curbs on pollution, a new study said on Monday.

The 126 countries in the Belt and Road region now account for 28% of global emissions, but on their current trajectory, that could rise to 66% by 2050, researchers, led by Ma Jun, a special advisor to China’s central bank, said.

That could mean global carbon levels would rise to nearly double the level needed to keep temperature increases to below 2C, a major goal of the Paris Agreement.

“If B&RCs (Belt and Road countries) follow historical carbon-intense growth patterns… it may be enough to result in a 2.7 degree path, even if the rest of the world adheres to 2 degree levels of emissions,” the report said.                                                                                                                       
Read more at Chinese Belt and Road Plan ‘May Result in 2.7C Warming’

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