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.
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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.
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These changes could affect China's longer-term decarbonization goals.
China's zero-COVID policy has also impacted global oil markets, driving down prices.
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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.
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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.
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According to 'Time,' these rapid variations in oil prices highlight the value of locally-sourced renewable energy, which would be unaffected by lockdowns.
