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On the other hand, China’s leadership in green technology production and financing could be supported by the opening of a United Nations climate campus in the country, the sustainable development expert and economist told Eco-Business.
The 390-MW Shinan Ui project advances after years of delays amid government reforms to speed approvals and boost renewables.
A major biodiversity fund – which could, in theory, generate billions of dollars annually for conservation – received its first donation of just US$1,000 in November.
The government proposed allowing steel, cement and other export-exposed sectors to cut chargeable emissions by up to 80 per cent as carbon pricing begins in 2026. Experts warned this could undermine decarbonisation investments.
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