In his speech on the world’s struggle against poverty at the 19th G20 Summit in Rio de Janeiro in November 2024, China’s President Xi Jinping, cited his country’s standout track record of wealth creation, and exulted: “If China can make it, other developing countries can make it too.

China’s promise to guide the Global South on the path toward modernization has included support for green and sustainable development. Yet its pledge also holds a central environmental challenge, especially as the share of global greenhouse gas emissions from emerging markets and developing economies continues to increase.