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What has China been doing to help them progressin global trading?

choli [55]

Image: Reuters

26 Apr 2018

Sha Song

Specialist, Knowledge Networks and Sustainable Development, World Economic Forum Beijing

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China

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After years of heavy industrialization, China’s environmental challenges are nearing a tipping point.

The factories and power plants that have driven its economic growth have also polluted its air, water and soil, to the point where environmental hazards could lead to a significant risk to China’s society and economy, if not corrected in a timely manner. In a bid to tackle these challenges, China’s government has declared a “war on pollution” and introduced a number of green initiatives.

Here are the most important ones:

Less coal, cleaner air

China has taken steps to dismantle coal-fired power plants, reduce overall emission levels and cut particulate-matter emission rates. Huge progress has been made on air quality, and there are now fewer smog days in China’s largest cities.

Better regulation

The former Ministry for Environmental Protection has been transformed into the Ministry of Ecology and Environment (MEE), a new entity with broader, clearer responsibilities. The new ministry will oversee all water-related policies, for example, from ocean resources management to groundwater. Previously, these were scattered among different departments. The ministry is also in charge of policies on climate change.

Funding a greener future

China needs an estimated additional RMB 40.3 trillion ($6.4 trillion) to RMB 123.4 trillion ($19.4 trillion) to finance the transition to a greener economy. It has started collecting an environment tax to help fund its environmental policies, and is also trying to attract more green investment.

China’s Belt and Road Initiative (BRI), a massive global programme aimed at improving inter-connectivity between countries, inspired by the ancient Silk Road, seeks to boost trade and economic growth in Asia and beyond. As Vice Premier Liu He said at the World Economic Forum’s Annual Meeting in Davos this year, reducing pollution is one of China’s main strategic goals as it pursues this initiative, along with preventing major financial risks and alleviating poverty.

Years of life saved per person Image: Image: China National Environmental Monitoring Center

The BRI will be backed by considerable resources. At maturity, investments in the initiative are expected to hit around $4 trillion, stemming from private sources, dedicated funds, and multilateral development banks. If aligned with sustainable development priorities, these resources have considerable potential to help advance the green agenda.

The next challenge is to improve green investment standards. Recently, China launched the Environmental Risk Management Initiative for China’s Overseas Investment. There is huge potential to “green” the Belt and Road Initiative, if Chinese financial institutions and enterprises improve the environmental risk management of their overseas investments and adopt responsible investment principles. Green bonds are a win-win for investors and developing countries, since they fund the green infrastructure projects that are so urgently needed by many of these countries.

6 0

3 years ago

Why has Congress not issued a declaration of war on terrorist groups like al-Qaeda or ISIS?

otez555 [7]

Explanation:

Because it will not end until EVERY terrorist group has been found.

7 0

3 years ago

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¿So m e o n e W a n t s T o B e M y F r i e n d O r S o m e o n e W h o H a s Di s c o r d ?

blagie [28]

Answer:

I would love to be you friend but I don't have discord

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3 years ago

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Which sentence describes how the migration of farmers from rural to urban areas affected Europe? A. Many villages were abandoned

leva [86]

Answer:

B The Number and Population of cities increased rapidly.

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3 years ago

During the Great Depression, Americans moved away from the indivisualism and the nation became more of a welfare state. Explain

ivann1987 [24]

Prior to the Great Depression the Roaring Twenties was a booming age because there was a boom in business and the excitement of popular fads. After World War I, America longed for what President Warren Harding called a “return to normalcy”. To Americans this meant the “good old days” before the war years. During the 1920’s, more Americans lived in cities than in rural areas and no longer were most people farmers. After the war business boomed and people worked in business and industry.President Calvin Coolidge declared the 1920, the “chief business of America is business”. During the Coolidge years business prospered and many Americans earned more money than ever before. Factories increased production to a growing demand for consumer goods such as washing machines , radios , and refrigerators. The largest boom was in the auto sales which gave rise to other industries. Cars needed steel, paint, tires and gasoline. New and better roads were built. Gas stations and restaurants appeared along the new roads. The housing industry began to boom as people moved out of the crowded cities and into the country or suburbs. New products such as cars changed the way of life for many Americans. They had freedom to visit other parts of the country. Radios and movies brought about other changes. New forms of entertainment were provided through radio programs and movies. The movies created new heroes and heroines. Hollywood grew into the movie capitol of the world. The 1920’s are sometimes labeled the jazz age because the new energetic kind of music reflected the spirit of the times. Jazz began among the black American musicians in New York and then swept the country and the world. Musicians such as Louis Armstrong won lasting fame for his contributions to jazz and helped fuel the Harlem Renaissance or rebirth of black culture.
____ Just prior to the Great Depression Herbert Clark Hoover became president of the United States’ He had earned his reputation as a business entrepreneur and an engineer.
Hoover wore several hats prior to becoming president of the United States. He was asked by the U.S. Counsel General in London to supervise the evacuation of thousands of American citizens trapped in Europe at the beginning of World War I. He became the chairman of the committee for Relief in Belgium with the mission of preventing famine in that nation. Within three years Hoover had raised and spent over one billion dollars for food relief in Europe.
____ When the United States entered World War I President Woodrow Wilson named Hoover U.S. Food Administrator and for the duration of the war he supervised the rationing and conservation of food supplies in the United States and the export of food to the U.S. and allied troops. After the War he became the general of European Relief and Rehabilitation efforts. In 1920 Hoover was an unsuccessful presidential candidate after which he was named Secretary of Commerce by then President Harding in 1921. He was considered the most honest and capable official in the administration. His department tried to improve the productivity of industry, promote international trade and the conservation of resources. In 1924 Hoover was the potential candidate for the vice presidency, however he did not get the nomination. In 1928 he won the nomination and the office of president.

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3 years ago