News / #R&D
China’s “new energy vehicles” (NEVs) have been the centre of media and geopolitical attention in recent months.
Economist Michael Greenstone, who first put a price on emissions for the US government, says that unless the price gap between fossil fuels and clean energy narrows, poor countries will face difficult trade-offs amid climate breakdown.
China is still providing support for electric vehicles, but the policies are shifting from carrot to stick.
Action continues to fall far short of pledges, even as temperature and greenhouse gas records are repeatedly broken.
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