KONTAN.CO.ID - WASHINGTON. China needs up to $17 trillion in additional investments for green infrastructure and technology in the power and transport sectors to reach net-zero emissions by 2060, a new World Bank report on China's climate and development challenges found. The report, one of a new series of Country Climate and Development Reports, said China - the world's second-largest economy - would need private investment to cover the immense price tag and unleash the needed innovations. Climate change poses a significant threat to China, especially its densely populated and economically critical low-lying coastal cities, and unabated climate change could cut its economic output by 0.5% to 2.3% as early as 2030, according to the report, which was released on Wednesday.
China Needs US$ 17 Trillion in Investments to Meet Climate Goals, World Bank Says
KONTAN.CO.ID - WASHINGTON. China needs up to $17 trillion in additional investments for green infrastructure and technology in the power and transport sectors to reach net-zero emissions by 2060, a new World Bank report on China's climate and development challenges found. The report, one of a new series of Country Climate and Development Reports, said China - the world's second-largest economy - would need private investment to cover the immense price tag and unleash the needed innovations. Climate change poses a significant threat to China, especially its densely populated and economically critical low-lying coastal cities, and unabated climate change could cut its economic output by 0.5% to 2.3% as early as 2030, according to the report, which was released on Wednesday.