If the global community wants to achieve its climate targets, carbon dioxide that has already been generated must also be recaptured. However, the technology for this is still expensive. China is not deterred by this and is planning huge plants to capture CO2.
By Nico Beckert
China’s wind and solar power saw a spurious growth over the past decade. Recently, China released its 14th Five-year plan for Renewable Energy to determine the action path until 2025. The goals will make a major contribution to China’s targets of a carbon peak before 2030 and carbon neutrality by 2060. However, since late last year, the government relies heavily again on coal power to fire economic growth and ensure energy security. This renewed focus on coal can undermine China’s climate change endeavors going forward.
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The Covid crisis has also affected China's airline industry. It is now facing new challenges: High fuel costs, a weak yuan, and image problems following a plane crash are complicating the recovery. A government aid package is intended to provide relief.
By Christian Domke Seidel
Pictures of 25-year-olds driving a new Porsche or wearing the most expensive couture watches were the norm on China's social media platforms for a long time. Showing off what you have and who you are was considered part of the Chinese dream. Consumption in China offered many opportunities to celebrate one's own individuality, but that is now coming to an abrupt end.
By Ning Wang
