SINGAPORE — China, the world’s largest carbon-emitting country, has doubled down on its pledge to go green and fight against climate change — and investors have an opportunity to cash in on this long-term development, analysts from Citi said. Chinese President Xi Jinping said in a speech at the United Nations General Assembly last month that his country aims to become carbon neutral by 2060. That means China would become a net-zero carbon emitter, which researchers in Reuters report said could slow global warming by 0.2-0.3 degrees Celsius this century. Citi analysts said in a recent report that much of China’s effort to reduce emissions will translate into greater use of cleaner energy sources, while reducing the country’s reliance on coal. That means companies in the renewable energy space will likely benefit in the long term, they added. Read from source….
These are Citi’s stock picks to buy — and sell — as China pledges to fight against climate change
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