say.
In the four weeks up to March 1, China's discharge of CO2 fell 200 million tonnes, or 25 percent, compared to the same period last year, according to the Centre for Research on Energy and Clean Air -- equivalent to annual CO2 emissions from Argentina, Egypt or Vietnam. There are already signs that Beijing -- impatient to reboot China's economy -- will rain down cash on carbon-intensive infrastructure projects, as happened after the global recession in 2008, and again in 2015.
A surge in state-directed capital spending a decade ago slowed China's clean-energy transition and amplified the horrendous pollution episodes in the winter of 2012/13. The UN, meanwhile, has said that CO2 emissions must drop eight percent annually over the next decade to meet the 1.5C Paris goal, and by about three percent per year to hold the line at 2C.
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