Abstract
Climate change is a major social, economic and environmental challenge facing all countries in the world today. It has increasingly become a priority on the agenda of international relations. This article outlines major developments in international climate action during and after the pandemic. The article identifies the global trends of carbon action on the countries’ agendas for sustainable development in the near future, including accelerate the implementation of mature zero-carbon solutions and promote zero-carbon technology. It then presents risks in tackling the global climate crisis collectively confronted by the international community at present, such as economic slowdown, energy security, carbon financing, price inflation, carbon barrier, carbon trading and carbon debt. With these common dilemmas in mind, the article sums up by proposing multiple possible directions towards reducing emissions and putting forward some community strategies for New Zealand to implement. These include promote the electrification of transportation and establish green infrastructure, consumption, financial, technology and industrial systems. This article aims to inform on the debate about current challenges in building a sustainable and resilient carbon-neutral state in the wake of global public crisis by analyzing global developing trends in addressing climate change, as well as to provoke thinking on potential options for government to enable net zero carbon and new energy future.
Highlights
COVID-19 has had a profound impact on global climate governance and implementation of carbon neutrality beyond 2020
Another 2020 study by Cevik and Jalles (2020a) found that countries with greater climate change resilience benefit from higher sovereign credit ratings, relative to countries with greater vulnerability to risks associated with climate change: from 1995 – 2017, an increasing of one percentage point in climate change resilience is associated with an improvement of 0.09 percent in sovereign credit rating; while an increase of one percentage point in climate change vulnerability results in a reduction of 0.23 percent in credit worthiness (p.12-13)
By constantly improving our ability to manage the climate crisis can we avoid the serious impact of the climate change in a limited time
Summary
COVID-19 has had a profound impact on global climate governance and implementation of carbon neutrality beyond 2020. To accelerate the pace of transformation, enterprises need to achieve the following three points: first, carbon emissions should be included in all aspects of the company's operation, such as performance appraisal, investment decision, and asset allocation, to achieve low-carbon production and operation in all links; second, accelerate the adjustment of the enterprise's future business strategy, accelerate the layout and development of zero-carbon new energy businesses such as hydrogen energy, wind energy and solar energy, and strive to build itself into a provider of energy technology services, rather than a provider of energy resources, so as to achieve green energy products and services; third, digitization and low carbonization should be combined, and advanced technological means such as the internet of things, big data, cloud computing and artificial intelligence should be fully utilized to promote the transformation through innovation. It will encourage consumers and businesses to make changes and increase public and private sector investment in sustainability-related fields in a powerful way
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