If we continue to see the private sector as our savior from climate catastrophe, we'll continue to fail.

And the IEA, for its part, expects China to continue to be the sole meaningful over-achiever. It recently revised upwards by 728 GW its forecast for total global renewables capacity additions in the period 2023–27. China’s share of this upward revision? Almost 90 percent. While China surges ahead, the rest of the world remains stuck.

  • Pascal@lemdro.idEnglish
    63·
    9 months ago

    a single party dictates larger economic trends

    You’re describing socialism.

    Well, so long as that party directs it in the interests of the people rather than capitalists, as is the case for China.

    • P1r4nha@feddit.de
      44·
      9 months ago

      Really? I’m not convinced the Chinese government acts in the interests of its people at all. That’s probably the biggest reason I can’t call it Socialism. Just because government influence is stronger than in the West, the economic system isn’t completely different.