China can achieve the twin goals of net-zero carbon emissions and becoming a rich developed economy, a new report by the Energy Transitions Commission and Rocky Mountain Institute has shown. Strong policy support, accelerated innovation and expanded investment can enable China to cut its final energy demand while trebling its GDP per capita. BEIJING, China (PRWEB) November 22, 2019 22nd November 2019, Beijing: The Energy Transitions Commission (ETC) today launched its report “China 2050: A Fully Developed Rich Zero-Carbon Economy,” in partnership with the Rocky Mountain Institute (RMI). The report shows that it is technically and economically feasible for China to simultaneously become a fully developed economy and reach net-zero carbon emissions by mid-century. According to the report, to achieve this objective, the investment required can easily be afforded given China’s high savings and investment rate, and the impact on China’s gross domestic product (GDP) per capita in 2050 will be minimal. Committing to achieve zero emissions by 2050 will spur investment and innovation, and it will also deliver large improvements in local air quality and enable China to establish technological leadership across multiple industries. “For the world to deliver the Paris Climate objectives, it is vital that China has…