The shift of low-value, energy-hungry manufacturing from China and India to coal-powered economies with even lower wages could be bad news for the fight against climate change, researchers cautioned Monday.
As Asia’s giants move up the globalisation food chain, many of the industries that helped propel their phenomenal growth — textiles, apparel, basic electronics — are moving to Vietnam, Indonesia and other nations investing heavily in a coal-powered future.
Since the start of the Industrial Revolution, global warming has been caused mainly by burning oil, gas and especially carbon-rich coal.
“This trend may seriously undermine international efforts to reduce global greenhouse gas emissions,” said Dabo Guan, a professor of climate change economics at the University of East Anglia in Britain and co-author of a study in Nature Communications. Read More
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