US, Europe Concern Over China's Green Tech Dominance Could Delay Global Climate Goals

Xi's envoy, Liu Zhenmin, warns that Western policies on clean technology could increase global energy transition costs significantly.

Liu Zhenmin, appointed as Xi Jinping's Special Envoy for Climate Change, emphasizes the risk of increased global energy costs due to US and EU trade policies.
China's dominance in producing affordable clean energy technology is seen as essential for a cost-effective global shift from fossil fuels.
Skepticism about fossil fuel phase-out commitments and rising protectionism in clean energy sectors mark current international climate discussions.
Liu cites a potential $6 trillion, or 20%, increase in global energy transition costs if reliance on non-Chinese technologies continues.
Ongoing US-China cooperation is crucial for maintaining momentum in global climate action, according to Liu.