The team also called on China to cap total fossil fuel consumption. Read more at straitstimes.com.
SINGAPORE - A team of influential economists has urged China to adopt a new development model based on “wellbeing” rather than gross domestic product growth in order to fulfil its 2060 net-zero emissions goals and head off the mounting threats of climate change.
The report and its recommendations have already been submitted to the Chinese government. Co-author Nicholas Stern, chair of Britain’s Grantham Research Institute on Climate Change and the Environment, told reporters he hoped it would play a constructive role in China’s 2026-2030 “five-year plan”. The report also called on China to give greater prominence to public transport and set a timetable for the elimination of fossil-fuel vehicles. China should also promote low-carbon agriculture, including plant-based meat and dairy, it said.
Though the green GDP project was cancelled in 2009, China promised in 2013 to abandon a “growth at all costs” model and said GDP would no longer be the sole criteria on which officials would be assessed.
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