By Kate Eklin and Myriam Gregoire-Zawilski of the OECD Development Centre’s Emerging Markets Network (EMnet)
Last week, officials in Beijing declared an air pollution “red alert” for the first time since the monitoring system was implemented in 2013. Pollution levels put life in the city on hold: factories shuttered, schools closed, traffic was restricted, fireworks were banned.
Between this latest “airpoclypse” and the just-concluded COP 21, everyone is talking about China and its part in the climate agenda. Why? China is the largest greenhouse gas emitter. While China is certainly part of the climate change problem, it is a big part of the solution. Indeed, China is also the world’s largest investor in renewable energy. And public and private investment will be critical for China to transition to a greener and cleaner economy. Continue reading