China is betting that clean energy and green technology will be what powers the global economy of the 21st century. During the Marrakech talks, the official Xinhua News agency stated, “China is playing an active role in negotiation and global governance on climate change. Developing countries are counting on the U.N.-sponsored Green Climate Fund to assist them in their efforts to combat the ill effects of climate change. In Beijing last week, the government reaffirmed its commitment to set up a $2.9 billion fund to help poor countries adapt to climate change. As 2017 approaches, China is poised to assume global leadership on climate change, and the U.S. is poised to become the new climate-action outcast.

Source: Los Angeles Times December 04, 2016 12:00 UTC