The Rest Is Money 175. Does Trump Spell The End Of Net Zero?
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May 25, 2025 Join Professor Lord Nicholas Stern, a prominent economist and former chief economist at the World Bank, as he tackles the pressing issue of climate change. He discusses the paradox of affordable green energy versus ambitious political action. The conversation highlights global disparities in climate strategies, particularly with China on the rise as the U.S. retreats. Stern underscores the urgency of net-zero goals, the challenges of fossil fuel dependence, and the complex dynamics of air travel and sustainability solutions. A thought-provoking discussion on our planet's future!
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China's Serious Climate Commitment
- China, the world's largest emitter, is taking climate change seriously due to urgent environmental risks.
- Its focus contrasts with some politicians stepping back, especially in Europe where progress is slow.
China's Renewable Dominance
- China adds renewable energy at a rate far surpassing the UK's total capacity.
- Despite some coal power expansions, China's emissions are expected to peak soon, highlighting progress towards net zero.
Urgency of Rapid Clean Energy Build
- Achieving net zero by 2050 requires rapid buildup of zero carbon capacity in the next 10-15 years.
- Renewables with battery storage and grid upgrades are the fastest way to decarbonize electricity, with nuclear as a complementary, slower option.