• redtea@lemmygrad.ml
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    1 year ago

    Curious as to the $1.1 trillion green investments from this year, I googled it, with an inkling that the headline hides a lot. The link to Bloomberg is pay-walled, but I found a working link to another BB article: https://www.bloomberg.com/news/articles/2023-01-26/global-clean-energy-investments-match-fossil-fuel-for-first-time?leadSource=uverify wall.

    Redtea, you might interject, that link may open but the lede remains buried. Fear not, curious minds, for I have done the digging (emphasis added):

    BNEF’s data show that China was by far the leading country for attracting energy transition investment, accounting for $546 billion or nearly half of the global total. The US was a distant second at $141 billion, while the EU would have been second if treated as a single bloc, at $180 billion. Germany retained its third place, while the UK dropped one place to fifth as France climbed to fourth.

    [Edit: How much do you want to bet that when British media picks this up, they indeed treat the EU as a single bloc and sneak themselves back into fourth place?]

    As we might expect in a world divided between capitalists and communists, it’s the communists who show the most concern for saving the planet. Luckily for the only life in the universe known to humankind, the US and Europe will be subject to China’s new rules based order before the end of the century, so the next generation might actually be able to crawl out of this mess.

    • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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      1 year ago

      Basically, China is doing all the heavy lifting in global transition from fossil fuels and we are incredibly lucky that the west decided to move all the manufacturing to China. There is no realistic hope that the west will do anything more than pay lip service and run greenwash initiatives. China is the only hope humanity has to survive the climate crisis.