May 17, 2021

Aside from Cutting Emissions, China and U.S. Must be Climate-Friendly Lenders

Nicholas Institute for Environmental Policy Solutions

A recent report by the Rhodium Group showing that China’s greenhouse gas (GHG) emissions exceeded total emissions produced by all the developed world in 2019 raised concern for the world’s ability to reduce global temperature rise. While the focus on national climate emissions of China vis á vis those of other top polluters is important, this issue only represents part of the climate crisis facing the international community. 

The obsession with the horserace of country GHG emissions has overshadowed another critical, though more nuanced, point, writes Nicholas Institute senior fellow Elizabeth Losos in The Hill: Countries can also have a big impact on emissions outside of their own borders through development finance policy.