Is China making its green stride forward? Listen to Chief Economist and Bruegel Senior Fellow, Alicia García-Herrero.
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As the world faces the dual challenges of addressing climate change and navigating geopolitical tensions, cooperation on climate goals is under threat. China’s role in green technology has made it a vital player, but it is also increasingly seen as a rival, or even a threat, by other global powers.
Electric vehicles (EVs) have become the latest flashpoint, with the United States and European Union imposing punitive tariffs on Chinese EV imports, intensifying trade disputes.
This week on the podcast, Richard Howitt speaks with Alicia Garcia Herrero, chief economist for Asia Pacific at Natixis and Senior Fellow at Bruegel, joining from Hong Kong. Drawing on her extensive expertise, Alicia discusses how the EU can navigate its growing reliance on Chinese green tech and craft a competitive industrial strategy.
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"The EU needs to be loud and clear as to what they are offering. We need to realize that this needs to be done under a different hat: one of partnership, one where everybody has the same say. And that's very different from China. China has a hub and spoke approach. China is at the center and talks to everybody, but nobody talks to each other. If we don’t try to show that what we offer is more encompassing or perhaps even more rewarding in terms of job creation and welfare creation for these countries, then it is a lost battle."
Investors shouldn't just take companies' word for what they're doing; they should investigate what the companies are actually doing regarding human rights.
Germany's NewClimate Institute has produced the Corporate Climate Responsibility Monitor report, evaluating the transparency and integrity of climate pledges of 51 major companies across different sectors and geographies.
Listen to Richard Hardyment, author and head of business engagement at the Institute of Business Ethics
