Perspectives from China’s COP29 Delegation — Global Issues

by Aishwarya Bajpai (baku)Saturday, November 23, 2024Inter Press Service

As COP29 attracts to an in depth, voices from various areas have make clear their contributions, challenges, and aspirations in tackling the local weather disaster.

Amongst these voices is Pui Cheong Chen, CEO of Hong Kong High quality Insurance coverage Company and a consultant from Hong Kong, who shared his observations about China’s progress, its function as a world participant, and the expectations from developed nations.

China’s Journey Towards Inexperienced Transition

PC Chen highlighted the numerous strides China has made in combating local weather change, notably for the reason that Paris Settlement. “There’s been an enormous, massive achievement for China for the reason that Paris Settlement—lower than 10 years, and you possibly can see the large steps and plenty of achievement from the Chinese language authorities,” he famous.

This progress is rooted within the authorities’s dedication to renewable power and low-carbon transitions throughout varied sectors.

Chen described the China Pavilion at COP29 as a hub of innovation, showcasing achievements not simply from Hong Kong but in addition from areas like Guangdong and Shenzhen.

“Loads of sharing, together with our classes, showcased the progress and achievements from the civilian sector, corporations, and the federal government’s perspective,” he mentioned.

Hong Kong, the place Chen resides, has strongly dedicated to carbon neutrality. Initiatives embody selling sustainable gas, providing subsidies for energy crops to transition to cleaner power sources, and shifting from conventional fossil fuels to lower-carbon alternate options like pure gasoline.

The Position of Creating Nations

Whereas China and different creating international locations have demonstrated important progress, Chen famous a disparity within the tempo of motion between developed and creating nations. “Frankly talking, I noticed plenty of constructive progress from creating international locations, however developed international locations appear to be taking a extra reserved and conservative strategy,” he noticed.

He counseled Center Jap international locations for his or her revolutionary power options and substantial investments in inexperienced applied sciences, emphasizing their proactive steps in distinction to some developed nations.

A Name for World Carbon Markets

One of many highlights of COP29, in accordance with Chen, was the progress made underneath Article 6.4 of the Paris Settlement, which pertains to international carbon markets. “This might be an excellent starting to selling a unified international carbon market,” he mentioned. Chen believes such a framework would incentivize organizations and nations to scale back carbon emissions, foster collaboration throughout economies.

He additionally underscored the necessity for developed international locations to contribute extra—each financially and technologically. “Loads of these new initiatives require financial assets for transformations. Developed international locations have superior applied sciences that would convey important societal change, however they usually hesitate to share,” he remarked.

China’s Position as a Chief

China’s standing as a creating nation is usually debated because of its large financial system and important international affect. Chen acknowledged China’s challenges, notably post-COVID, however expressed optimism about its potential. “China has a really robust financial basis and may do extra, not simply by means of authorities insurance policies however by mobilizing contributions from completely different sectors of society,” he mentioned.

Chen emphasised the function of coastal areas like Guangdong and Shenzhen, that are well-developed and may spearhead inexperienced transitions. He advocated for incentivizing each state-owned enterprises and personal companies to contribute to local weather objectives.

A Message for Local weather Negotiators

When requested about his message for COP29, Chen urged developed international locations to take higher duty. “Developed nations ought to contribute extra, each monetarily and thru know-how sharing. Local weather motion is for the widespread good; it’s not about particular person international locations however the world as an entire,” he acknowledged.

Chen concluded by expressing satisfaction in China’s efforts, highlighting its proactive strategy and revolutionary options as a accountable international participant. His reflections underscore the significance of collaboration, innovation, and shared duty in addressing the local weather disaster—a sentiment echoed throughout COP29 discussions.

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