China's Zero-COVID Policy , Is Impacting Global Efforts , to Fight Climate Change.
'Time' reports that China's strict zero-COVID policy has
had serious implications on not only the global economy,
but also efforts to fight climate change.
'Time' reports that China's strict zero-COVID policy has
had serious implications on not only the global economy,
but also efforts to fight climate change.
According to the United Nations Statistics Division, China was responsible for manufacturing almost 30% of the world's products before the pandemic.
When it comes to clean technology,
China is responsible for manufacturing
over 80% of the world's solar panels. .
Widespread lockdowns have prevented
the country from meeting global demand
for clean energy technologies.
'Time' reports that the lockdowns could
impact China's 5-Year Plan for economic
growth and low-carbon development. .
These changes could affect
China's longer-term
decarbonization goals.
China's zero-COVID policy has
also impacted global oil markets,
driving down prices. .
COVID lockdowns in June,
August and October were all
accompanied by dipping oil prices.
Earlier this week, significant protests and societal
unrest in China appeared to cause the price of Brent
crude to drop to its lowest number in months. .
Earlier this week, significant protests and societal
unrest in China appeared to cause the price of Brent
crude to drop to its lowest number in months. .
According to 'Time,' these rapid variations in oil prices
highlight the value of locally-sourced renewable energy, which would be unaffected by lockdowns.