Tuesday, August 3, 2021
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SCMP: China’s Power to “Marshal” Private Savings into Climate Mega Projects will Leave the West Behind

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How will Joe Biden marshal the private savings of US citizens to address the climate crisis? The UN thinks half of the $75 trillion required to save the world from climate change must come from private investors. The South China Morning Post thinks China’s authoritarian control of private savings will give China an advantage of the West when it comes to green investments, though they believe Biden could catch up with China by appointing a financial system tsar.

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