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Tariffs a threat to clean energy future of Asia

By Venkatachalam Anbumozhi | China Daily | Updated: 2018-12-14 08:17

Delegates from around the world have gathered in Katowice, Poland, to discuss how to curb greenhouse gas emissions in order to realize the goals enshrined in the 2015 Paris Agreement.

But the world's largest economy, the United States, does not believe in climate change or the report issued by the UN Intergovernmental Panel on Climate Change in October. The IPCC report says the world economy will suffer severe damage, which could top $54 trillion by 2040, unless carbon dioxide emissions are drastically reduced. For which all countries, cities, businesses and individuals have to change their ways.

As for China and India, despite the US withdrawal from the Paris climate accord, they will continue to disagree with developed countries on some fundamental issues such as financing and setting of emission targets. In 2015, rich countries pledged to contribute $100 billion a year by 2020 to help developing countries adapt to and combat climate change.

Tariffs a threat to clean energy future of Asia

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