Full Title: An innovative and sustainable growth path for China: a critical decade
Author(s): Fergus Green and Nicholas Stern
Publisher(s): Centre for Climate Change Economics and Policy, Grantham Research Institute on Climate Change and the Environment
Publication Date: 5/2014
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The actions China takes in the next decade will be critical for the future of China and the world. Whether China moves onto an innovative, sustainable and low-carbon growth path this decade will more or less determine both (i) China’s longer-term economic prospects in a natural resource-constrained world that places a premium on capital efficiency, technological innovation, knowledge and services, and in which labour and capital are highly mobile, and (ii) the world’s prospects of cutting greenhouse gas (GHG) emissions sufficiently to manage the grave risks of climate change.