Stephen Roach: No Such Thing as Overcapacity in China's Green Tech Push 🌿
In a recent interview with Bloomberg, Stephen Roach, former chief economist at Morgan Stanley, emphasized that there's no such thing as \"excess capacity\" when it comes to combating climate change. 🌍
\"We need all the capacity we can get to move away from carbon to alternatives,\" Roach stated, highlighting the crucial role of the Chinese mainland in leading the global shift towards renewable energy sources. 💡
Roach didn't hold back on critiquing the United States, mentioning that the U.S. should be \"ashamed\" of its lack of capacity in producing green technology goods. 😬 He pointed out that while others are ramping up efforts, the U.S. is lagging behind in the green tech race. 🏃♂️💨
As climate change continues to pose a significant threat worldwide, Roach's remarks shed light on the urgent need for increased production and innovation in green technologies. 🚀 He suggests that nations should invest heavily in expanding their capacities to produce renewable energy solutions, rather than worrying about overcapacity. 🌞🌬️
For young professionals and students keeping an eye on international trends, Roach's insights underscore the importance of supporting and developing green tech industries. 🌱 Whether you're in Asia, Latin America, or elsewhere, the push for sustainable alternatives is a global mission that requires everyone's participation. 🙌
So, let's gear up and embrace the green revolution! 🌈✨
Reference(s):
Stephen Roach: No 'overcapacity' in combating climate change
cgtn.com
