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China is expected to lead a green and low-carbon recovery in the post-epidemic era


The outbreak of Coronavirus has had a huge impact on the global economy. With the epidemic situation controlled in stages, governments of various countries have begun to study economic stimulus plans with a view to restoring economic order as soon as possible.



From the perspective of the path of economic recovery, promoting a green and low-carbon recovery of the global economy can not only reasonably use public resources, but also comprehensively improve climate resilience and achieve the dual goals of economic recovery and sustainable development. Whether the current recovery is based on "green" is the key to whether the human society is resilient in the next decade, whether it can withstand the test from the natural world, and truly achieve sustainable development.


Since March, the United Nations and relevant international agencies have been calling on the world to promote a green and low-carbon recovery. Major European economies also said that a "Green Recovery" must be ensured to revive the global economy and respond to the global climate crisis. China, as the main engine driving global economic growth and the earliest major economy to resume work and resume production and gradually restore normal economic order, has clearly expressed its support for promoting the global green and low-carbon recovery. China's practice in promoting the recovery of a green and low-carbon economy will inject momentum into the global green recovery, pilot the global economy to accelerate its development towards a low-carbon sustainability, and provide valuable practical experience for other economies.


During the "two sessions", the government work report published by China highlighted key tasks such as employment, people's livelihood, and poverty alleviation. The report emphasizes concentrating on stabilizing the economic fundamentals, maintaining stability and making progress at the same time, while emphasizing the adherence to new development concepts, the main line of supply-side structural reform, the adherence to high-quality development, the promotion of manufacturing upgrading and the development of emerging industries and the formal layout of "two constructions", which laid a basic direction for the “Green Recovery.


The “two constructions” formally laid out in the work report of the Chinese government, namely new infrastructure construction and new urbanization construction, are highly compatible with the four key attributes of green recovery.



Firstly, it is the current green recovery. Its “green” is by no means confined to pure environmental friendliness. It also focuses on Informatization and Intelligence, and leads and comprehensively improves the efficiency of all aspects of human production and life with the help of with technology and model innovation, including resource utilization, energy efficiency and environmental costs. Green Recovery is aimed at the crux of excessive dependence and destruction of natural resources by human life and production, to achieve self-development and harmonious coexistence with nature. Regardless of 5G, charging piles or new energy vehicles, as the leading field to guide green and new infrastructure, they will not only drive a single industry, but also a major upgrade of the industry's core competitiveness and global production network, and a revolutionary improvement in efficiency. It is also the only way to achieve survival and development, exhaustion of resources and complete derailment of pollution.


Secondly, green recovery will be achieved through innovation. Innovation includes not only technological breakthroughs, but also the market mechanism of innovative business models. Innovation cannot be just a case of innovation, but should be a feasible solution accepted by the industry and the market. Innovation will promote the market to further play its core role in resource allocation, not only technological progress, but also the transformation and upgrading of mechanisms and models. Innovation will play a guiding role in investment, avoid excessive short-term effects of investment, and avoid being locked or stranded.


Thirdly, regardless of industry or urbanization, the new "two constructions" are designed to guide the recovery of the economy while changing the way of human survival, so that ecological protection and civilization progress can be integrated into one instead of conflict. As a carrier of human activities, cities will accelerate iterations under the concept of green recovery and no longer become the most vulnerable link when major pollution sources and risks strike. Obviously, a comprehensive reflection on the way of human self-survival under the environment of green recovery has particularly important practical significance in dealing with the long-term challenges that the epidemic poses to human society.


Fourthly, the “Green Recovery in China will also be closely integrated with regional development, especially the coordinated development of Beijing, Tianjin and Hebei, the construction of the Guangdong, Hong Kong-Macao Greater Bay Area, the integrated development of the Yangtze River Delta, the Yellow River Basin, and the Chengdu-Chongqing Shuangcheng Economic Circle. These areas are not only the leader of recovery, but also the focus of ecological protection, pollution prevention and energy transformation. Their ecological protection and high-quality development will be planned and complemented at the same time, which embodies the green nature of recovery.



In the future, we expect China to strengthen policy support and capital investment in these areas, accelerate the green and low-carbon recovery, and lead the green and low-carbon recovery of the global economy.


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