the vitality concentrated of mechanical production and cultivating of cleaner coal advances 47 (Zhang et al., 2017; Wang/Engels/Wang, 2018) As a result of ongoing high Chinese investment in renewable resources, China came out as one of the chief producers of wind and solar power technologies, and in significant segments of solar, wind, and hydro energy, it has also become an inventor and provider of South–South 44 45 See from People’s Republic of China (2015) China’s frst NDC submission. [accessed 02 April 2018]. 46 See from Li J, Wang X (2012). Energy and climate policy in China’s twelfth five-year plan: A paradigm shift. Energy Policy 41:519–528 47 Zhang L, Sovacool BK, Ren J, Ely A (2017). The Dragon awakens: Innovation, competition, and transition in the energy strategy of the People’s Republic of China, 1949–2017. Energy Policy 108:634–644 Page 22 of 46
and South–North technology transfer 48 (Urban, 2018). Focused on an rigorous macro- economic analysis of China’s industrial and further economic structure, Green and Stern in accordance concluded that “China’s CO2 emissions from energy—if they grow at all—are likely to grow much more slowly than under the old economic model and are likely to peak at some point in the decade before2025” 49 (Green/Stern, 2017: 435/36; for a more skeptical assessment see Peters, 2017). Australia: One of the most intensive carbon intensive economies in the de4veloped world is Australia. In 2016, Australia have signed the Paris Agreement along with more than 170 countries The Australian government however has rejected a new report from the Intergovernmental Panel on Climate Change (IPCC), which sets out the policy choices governments around the world need to make over the next 12 years to 2030 if they want to limit global temperature rises to 1.5 o C rather than 2 o C call to phase out coal power by 2050. 50 Most of Australia’s emissions are from four areas of the economy: transport, industry, agriculture and electricity. 51 Therefore 48 See from Urban F (2018) China’s rise: Challenging the North-South technology transfer paradigm for climate change mitigation and low carbon energy. Energy Policy 113:320–330 49 See from Green F, Stern N (2017) China’s changing economy: implications for its carbon dioxide emissions. Clim Policy 17(4):423–442 50 See from Gitsham ,M.(2018).Why Climate Change and Other Global Problems Are Pushing Some Business Leaders to Embrace Regulation. Harvard Business Review , Available at: - change-and-other-global-problems-are-pushing-some-business-leaders-to-embrace-regulation 51 See from March,S.(2019) Will we make it? Available at: - on-track-to-meet-its-paris-emissions-targets/10920500 Page 23 of 46
trying to mitigate the emissions of carbon to meet the Paris Agreement will affect the contemporary business practices since other forms of energy sources will have to used.
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