Published 15:31 IST, September 2nd 2019

China's 'Belt and Road' risks Paris climate goals: Analysis

Carbon-heavy development in countries part of China's Belt and Road Initiative could render the Paris climate goals unreachable, according to a new analysis.

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Carbon-heavy development in countries part of China's Belt and Ro Initiative could render Paris climate goals unreachable, according to a new analysis on gargantuan global infrastructure project released Monday. massive network of ports, railways, ros and industrial parks spanning Asia, Africa, Middle East, and Europe will see trillions invested in new infrastructure across 126 countries. While Chinese state is putting up a significant part of cash, project will also see or national and private-sector investment, and opponents warn of its devastating environmental impact.

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Belt and Ro Initiative and lapses that followed

An analysis of possible carbon footprint of infrastructure development in Belt and Ro (BRI) countries said re was a significant risk of initiative alone producing eugh greenhouse gas emissions to derail Paris climate goals. 2015 accord enjoins nations to cap temperature rises to "well below" two degrees Celsius (3.6 Fahrenheit) above pre-industrial levels. Tsinghua Center for Finance and Development said that 126 Belt and Ro Initiative (BRI) countries excluding China currently account for 28 percent of manme emissions. It modeled effects of different approaches to development of mega ports, pipelines, train lines and highways in 17 BRI countries.

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It found that countries such as Russia, Iran, Saudi Arabia, and Indonesia would need to lower carbon emissions 68 percent by 2050 compared to current trajectories in order to keep world on course to 2C of warming.

"We have a business-as-usual scenario that says if you continue way you are n even if every or country on planet which includes US, Europe, China and India goes on a 2C pathway, this is still going to blow carbon budget," said Simon Zek, senior visiting fellow at Tsinghua Center.

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" BRI growth dynamic is so large that if you get carbon (emissions) wrong in a way it doesn't matter anymore what anyone else does." Simon Zek ded

report said emissions by 2050 from all BRI countries could be 39 percent lower if y followed industrial "best practice" by employing greener techlogy. China, world's top carbon polluter currently produces around 30 percent of manme CO2, although on a per capita basis its emissions are roughly on a par with Europe. Beijing has been praised with taking strong action on domestic air pollution but has come in for criticism for its fossil fuel investment outside of China. Zek said that China needed to have "policy consistency" with regards to emissions, both at home and abro in BRI nations.

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Solutions to decarbonize

United Nations estimates that two-thirds of world's 2050 infrastructure has yet to be built. Zek said BRI was an opportunity for world to decarbonize while expanding tre and growth opportunities. He suggested establishing an international platform to support green finance initiatives across BRI countries. Apart from that he also suggested applying mandatory environmental assessments for Chinese investments in project. "Is it easy? Can we do it by tomorrow morning by 9 o'clock? Of course t," he said. "But we've taken care to set out what each pathway would look like. It can be done." Tsinghua analysis was co-authored by Vivid Ecomics and Climate Works Foundation.

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10:16 IST, September 2nd 2019