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Technological University Dublin

International Business

2023

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The Onus On Coal Consumption And The ‘Beautiful China Initiative’: Economic And Policy Implications, Daniel Rajmil, Lucia Morales, Bernadette Andreosso-O'Callaghan Jan 2023

The Onus On Coal Consumption And The ‘Beautiful China Initiative’: Economic And Policy Implications, Daniel Rajmil, Lucia Morales, Bernadette Andreosso-O'Callaghan

Articles

China’s need for rapid economic growth and its hunger for natural resources significantly challenge its economic and policy vision of sustainability, social stability and economic development. The ‘Beautiful China Initiative’ plans to put China on the path of sustainable development in line with the United Nations’ 2030 Agenda and its Sustainable Development Goals. The Chinese authorities are expected to reconsider traditional economic policy models to integrate environmental protection while ensuring that their economy proliferates. The shift from a traditional and heavy coal-dependent economy towards greener energy and a sustainable economic model brings additional challenges to China due to its historical …