China's Zero-COVID Policy Is Impacting Global Efforts to Fight Climate Change

China's Zero-COVID Policy Is Impacting Global Efforts to Fight Climate Change

China's Zero-COVID Policy , Is Impacting Global Efforts , to Fight Climate Change.br 'Time' reports that China's strict zero-COVID policy has br had serious implications on not only the global economy, br but also efforts to fight climate change.br 'Time' reports that China's strict zero-COVID policy has br had serious implications on not only the global economy, br but also efforts to fight climate change.br According to the United Nations Statistics Division, China was responsible for manufacturing almost 30 of the world's products before the pandemic.br When it comes to clean technology, br China is responsible for manufacturing br over 80 of the world's solar panels. .br Widespread lockdowns have prevented br the country from meeting global demand br for clean energy technologies.br 'Time' reports that the lockdowns could br impact China's 5-Year Plan for economic br growth and low-carbon development. .br These changes could affect br China's longer-term br decarbonization goals.br China's zero-COVID policy has br also impacted global oil markets, br driving down prices. .br COVID lockdowns in June, br August and October were all br accompanied by dipping oil prices.br Earlier this week, significant protests and societal br unrest in China appeared to cause the price of Brent br crude to drop to its lowest number in months. .br Earlier this week, significant protests and societal br unrest in China appeared to cause the price of Brent br crude to drop to its lowest number in months. .br According to 'Time,' these rapid variations in oil prices br highlight the value of locally-sourced renewable energy, which would be unaffected by lockdowns.


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Uploaded: 2022-12-02

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