Earth

12850 readers

1 users here now

The world’s #1 planet!

A community for the discussion of the environment, climate change, ecology, sustainability, nature, and pictures of cute wild animals.

Socialism is the only path out of the global ecological crisis.

founded 4 years ago

MODERATORS

[email protected]

124

Wake up babe, Bloomberg confirms China is the only country seriously trying to save the world yet again (hexbear.net)

submitted 9 months ago* (last edited 9 months ago) by [email protected] to c/[email protected]

24 comments fedilink hide all child comments

2024 BNEF Investment Trends report just dropped: https://about.bnef.com/blog/global-clean-energy-investment-jumps-17-hits-1-8-trillion-in-2023-according-to-bloombergnef-report/

EU absolutely fucking BODIED lmao

The US did double its investment since last year (141B), China was previously at 546B.

Canada not even mentioned. Embarrassing.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 3 points 9 months ago

I believe that they do this because it's beneficial for international trade.

Having a weak currency facilitates other countries buying your products, so it's useful for an export economy - but it prevents you from importing as easily. The opposite is true for having a strong currency, and this dynamic drives a lot of things like de-industrialization in strong currency countries and unequal exchange extracting wealth from weak currency ones.