31 Dec '16, 1pm

#commencepartners

#commencepartners

By Matthew Kahn , University of Southern California In mid-November, while Americans were preoccupied with election returns, China sent some of its clearest signals yet that it will continue to pursue an international leadership role on issues including climate. At an international climate change summit in Marrakech, the Chinese government reasserted its commitment to reduce its greenhouse gas emissions. The government announced that its aggregate emissions will peak by 2030 or earlier , and that its emissions per dollar of economic output will decline sharply. For 25 years I have taught my economics students that climate change represents the ultimate “free rider problem.” To slow global climate change, we need to reduce aggregate global emissions. Yet each individual nation’s efforts are too small to “solve” the problem, so it has only weak incentives to take costly miti...

Full article: https://www.desmogblog.com/2016/12/31/china-climate-chang...

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