China's Climate Innovation Breakthrough: Balancing Emissions Cuts and Economic Growth
The research looked at how China can tackle climate change by using its technology and carbon tax policies. They found that investing in innovative technologies could help reduce carbon emissions, but this might lead to some economic losses. However, the improvement in technology could help offset some of the economic impact of the carbon tax. In simple terms, China can reduce its carbon footprint by promoting innovation, even though it might cost some money.