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Climate commissioner Xie: carbon neutrality will be very expensive

China’s chief climate envoy, Xie Zhenhua, has promoted the opportunities of transforming China’s economy to meet climate goals at a conference. Xie projects that spending of ¥130 trillion ($19 trillion) will be needed to meet the country’s climate goals. “It is not easy to reach peak carbon emission within seven years and … 30 years after that while ensuring economic safety,” Xie said, according to National Business Daily.

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