{"id":337659,"date":"2024-07-26T18:33:52","date_gmt":"2024-07-26T16:33:52","guid":{"rendered":"https:\/\/climatescience.press\/?p=337659"},"modified":"2024-07-26T18:33:55","modified_gmt":"2024-07-26T16:33:55","slug":"net-zero-will-only-make-you-poorer-and-china-richer","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=337659","title":{"rendered":"Net zero will only make you poorer and China richer"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

We need to wake up and stop hemorrhaging trillions in self-inflicted climate policies that will mainly benefit Beijing<\/em><\/strong><\/p>\n\n\n\n

Starting in the 1990s,\u00a0climate change<\/a>\u00a0has become a fixation for rich country politicians and elites. It emerged as the world had just seen the end of the Cold War. There was relative peace and trust across the world, broad economic growth, and swift progress being made against poverty. In the capitals of Europe in particular, it felt like most of the planet\u2019s big problems were fixed, so climate change was the final frontier.<\/p>\n\n\n\n

These proponents of climate action advocated with relish the goal of ending reliance on the very\u00a0fossil fuels<\/a>\u00a0that had powered two centuries of astonishing growth. Sure, this would cost hundreds of trillions of dollars, but there would always be more growth. The Telegraph<\/a> has the story.<\/p>\n\n\n\n

What a na\u00efve, narrow-minded world view. Time has not been kind to the foolish idea that climate change was humanity\u2019s sole remaining problem \u2013 or that the planet would unite to solve it. Geopolitics and economics mean a rapid global transition from fossil fuels is impossible.<\/p>\n\n\n\n

As has long been clear for many, the majority of the world never shared this myopic focus on climate change. Despite immense progress, in some countries life remains a battle against poverty, hunger, and disease. In many more countries including India, the top priority is to create more jobs and life-changing growth and development. Outside the most advanced economies, climate change has understandably always been a relatively low voter priority.<\/p>\n\n\n\n

Leaders from Europe and the United States talk up \u201cnet zero\u201d<\/a> as though it has global support. But this unity is quickly revealed as a mirage. For one thing, the destabilizing axis of Russia, Iran and North Korea are not about to support western efforts to solve climate change. Indeed, according to McKinsey, achieving the net-zero target would require Russian climate policies costing $273 billion every year \u2013 around three-times what Russia spent on its military last year. That won\u2019t happen.<\/p>\n\n\n\n

The geopolitical challenges run even deeper. China\u2019s growth has relied on burning ever more coal<\/a>. It is the world\u2019s preeminent greenhouse gas emitter, with the largest increase of any nation last year. Renewable energy made 40 per cent of China\u2019s primary energy in 1971, reducing to 7 per cent by 2011 as it ramped up coal use. Since then, renewables have inched up to 10 per cent. Strong climate action could cost China nearly a trillion dollars annually, hurting its journey toward becoming a rich nation.<\/p>\n\n\n\n

The reality is that most of the world \u2013 including powerhouse India and emerging economies \u2013 will continue to focus on becoming richer, often with fossil fuels. Russia and its ilk will ignore the fixation on climate change altogether. And China will make money from selling the West solar panels and electric cars, while only modestly curbing its own emissions.<\/p>\n\n\n\n

As rich countries irresponsibly attempt to export the cost of climate policy to poor countries through carbon adjustment taxes, they will drive a further wedge into an already fractured world.<\/p>\n\n\n\n

Meanwhile, despite all the hype, wealthy countries have ever less money left for the climate fight. Annual growth per person among rich countries declined from 4 per cent in the 1960s to 2 per cent in the 1990s. It now hovers just above one percent. Many of these countries face pressure to spend more on defense, healthcare and infrastructure, as geopolitical pressures and changing demographics make their pathway to stability and growth far less certain.<\/p>\n\n\n\n

Yet, across Europe and North America, single-minded zealots who were born of a world of relative calm of the 1990s continue to push for deindustrialization and immiseration to tackle climate change \u2013 including for the world\u2019s emerging economies.<\/p>\n\n\n\n

Read the full story here<\/a>.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

We need to wake up and stop hemorrhaging trillions in self-inflicted climate policies that will mainly benefit Beijing<\/p>\n","protected":false},"author":121246920,"featured_media":337662,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691818341,691818056,691818583,691818154,691819168],"class_list":{"0":"post-337659","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-china","9":"tag-climate-change","10":"tag-europe","11":"tag-net-zero","12":"tag-usa","14":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/07\/0shutterstock_1284302668-1-scaled-1.jpg?fit=1200%2C630&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1pQ7","jetpack-related-posts":[{"id":292740,"url":"https:\/\/climatescience.press\/?p=292740","url_meta":{"origin":337659,"position":0},"title":"Beijing has coldest December since records began 70 years ago","author":"uwe.roland.gross","date":"27\/12\/2023","format":false,"excerpt":"Beijing this month has had the coldest December since they started measuring the cold in 1951. 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If there\u2019s any kind of involution, they will lose. \u2026\u201d","rel":"","context":"In \"China\"","block_context":{"text":"China","link":"https:\/\/climatescience.press\/?tag=china"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/11\/00AQMeKQy8FJIb8f0Ar7nvXECNBMkADSs39WgI6zGQ8TuinNbamMqT60S5SStTEGe_mgfHHTd3CZqI_JIJiAfouPa_rf_QK6tziTohlUYo5nba8PFqgvq573MAZ4F_IyY-1.jpeg?fit=1200%2C802&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/11\/00AQMeKQy8FJIb8f0Ar7nvXECNBMkADSs39WgI6zGQ8TuinNbamMqT60S5SStTEGe_mgfHHTd3CZqI_JIJiAfouPa_rf_QK6tziTohlUYo5nba8PFqgvq573MAZ4F_IyY-1.jpeg?fit=1200%2C802&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/11\/00AQMeKQy8FJIb8f0Ar7nvXECNBMkADSs39WgI6zGQ8TuinNbamMqT60S5SStTEGe_mgfHHTd3CZqI_JIJiAfouPa_rf_QK6tziTohlUYo5nba8PFqgvq573MAZ4F_IyY-1.jpeg?fit=1200%2C802&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/11\/00AQMeKQy8FJIb8f0Ar7nvXECNBMkADSs39WgI6zGQ8TuinNbamMqT60S5SStTEGe_mgfHHTd3CZqI_JIJiAfouPa_rf_QK6tziTohlUYo5nba8PFqgvq573MAZ4F_IyY-1.jpeg?fit=1200%2C802&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/11\/00AQMeKQy8FJIb8f0Ar7nvXECNBMkADSs39WgI6zGQ8TuinNbamMqT60S5SStTEGe_mgfHHTd3CZqI_JIJiAfouPa_rf_QK6tziTohlUYo5nba8PFqgvq573MAZ4F_IyY-1.jpeg?fit=1200%2C802&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":268669,"url":"https:\/\/climatescience.press\/?p=268669","url_meta":{"origin":337659,"position":5},"title":"Kerry Returns from China without a Climate Deal, or Even a Meeting with Xi","author":"uwe.roland.gross","date":"21\/07\/2023","format":false,"excerpt":"As parts of the Northern Hemisphere reach heat close to\u00a0the limits of human survival, Chinese leader Xi Jinping declared in remarks reported Wednesday that Beijing alone will decide how \u2014 and how quickly \u2014 it addresses climate change.","rel":"","context":"In \"China\"","block_context":{"text":"China","link":"https:\/\/climatescience.press\/?tag=china"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/07\/0LBQUT6N5NNPHLECTYHCHDGOTJ4.jpg?fit=1200%2C628&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/07\/0LBQUT6N5NNPHLECTYHCHDGOTJ4.jpg?fit=1200%2C628&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/07\/0LBQUT6N5NNPHLECTYHCHDGOTJ4.jpg?fit=1200%2C628&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/07\/0LBQUT6N5NNPHLECTYHCHDGOTJ4.jpg?fit=1200%2C628&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/07\/0LBQUT6N5NNPHLECTYHCHDGOTJ4.jpg?fit=1200%2C628&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/337659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/users\/121246920"}],"replies":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=337659"}],"version-history":[{"count":4,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/337659\/revisions"}],"predecessor-version":[{"id":337664,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/337659\/revisions\/337664"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/media\/337662"}],"wp:attachment":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=337659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=337659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=337659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}