Elon Musk gives ringing endorsement to China’s global lead in renewable energy and electric vehicles on Twitter and Weibo
- Musk’s comment can be interpreted as a warning that US policymakers must ensure China continues to cooperate on climate change, analysts say
- It is much more productive for the US and China to cooperate on clean energy technology development, says executive at Hong Kong consultancy
“Given China’s existing capability and continued investment in the value-chain of clean energy technology development, it is much more productive for the US and China to work cooperatively in [this area],” said Lucas Zhang Liutong, director of Hong Kong-based consultancy WaterRock Energy Economics.
“If parts of the clean energy supply chain, like battery and smart grid equipment, come under bifurcation pressures like those seen in 5G [wireless technology], equipment costs will increase and the pace of decarbonisation in many developing countries may slow down further,” he added.
China is the world’s largest emitter of carbon dioxide and was responsible for 30 per cent of last year’s worldwide emissions. The greenhouse gas is known to be the biggest contributor to global warming. But while it is the world’s largest consumer of coal, the most carbon-intensive fuel, China is also the world’s leading producer of hydro, wind and solar power.