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Economic perspectives on COP28: A call for action and accountability

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03:30

In a critical discussion amidst the ongoing COP28 UN climate change conference in the UAE, CGTN's Enoch Wong invited Einar Tangen from the Taihe Institute and Zhou Mi from the Chinese Academy of International Trade and Economic Cooperation to delve into the complexities and expectations from this global event. They discuss the need for detailed planning and execution of financial support promised to developing countries, emphasizing the importance of transparent allocation and auditing of funds.

The dialogue also explores the potential collaborative roles of major economies like China and the United States in reducing carbon emissions, not only for environmental benefits but also for economic gains. Additionally, the conversation shifts to the necessity for resource-rich countries to collectively negotiate fair prices for their commodities to address climate change effectively and ensure sustainable development. The role of corporations in making technology accessible and the importance of shifting consumer preferences toward energy efficiency are highlighted.

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