There is no one country which can solve the climate crisis- and the American pursuit of more research and development on climate change is not a counter to China, said CNBC on Sunday by the Obama administration's climate envoy John Kerry. No one nation can solve this problem by itself- impossible. All of us need everyone else at the table to make this happen.
Kerry told CNBC's Hadley Gamble in Abu Dhabi after wrapping up the regional climate dialogue in the Gulf of Kuwait, during which he toured renewable energy facilities in the oil-rich Gulf state. President Joe Biden has made tackling climate change a key priority for his administration. His renewable energy measures- which include EV charging ports millions of additional electric vehicles and retrofitting buildings and homes- are aimed at achieving the long-term goal of net zero emissions by 2050, White House has said. If signed into law, his massive$ 2 trillion infrastructure proposal would be one of America's biggest federal efforts ever to curb greenhouse gas emissions. The plan would see the U.S. invest$ 35 billion in clean technologies and spend$ 174 billion on overhauling the country's EV market.
That still pales in comparison to what China has spent on clean energy research and development in recent years. China's R& D spending climbed 10.3% to$ 378 billion in 2020, surpassing the United States according to the National Bureau of Statistics of China. China also accounts for around 30% of the world's CO 2 emissions, more than twice that of the United States. When asked if this concerns him, Kerry said it does not; No, I 'm not worried at all because President Biden has a plan, he said. Biden served as Secretary of State under President Barack Obama when Kerry was Vice President. I think that this is a huge economic opportunity, not just for the United States with people from around the world, he said. This is not about China, this is not a counter to China; this is about China, the United States, India, Japan, Korea, Australia, a bunch of countries that are emitting a pretty large amount, the United States and China the most. Kerry added that China and the U.S. together account for nearly 45% of global emissions. Adding Europe to the list accounts for half of global total.
The United States has made arguably more progress than China or the United States at attempting to slow climate change. Three bodies need to work together with a lot of other countries to be serious about reducing emissions, and address this moment of history, Kerry said. What is the best area for cooperation?
We will need gas, certainly for a period of time and oil in a transition, Kerry added.
There are some ways to transition away from fossil fuels here. Nobody can pretend that you can just wave a magic wand and boom, overnight, you will suddenly have renewables everywhere. China and the United States remain at war over numerous issues- especially in trade, human rights, intellectual property and technology.