ABSTRACT
The US administration called a virtual climate summit on April 23, at which President Biden committed the country to cutting greenhouse gas emissions by 50–52 percent by 2030 compared to 2005 levels; a dramatic and significant commitment, the implementation of which will affect the entire US economy. At that summit the US and China also stressed they would work together to achieve climate goals. There is a race to seize green opportunities out of a climate crisis. A competitive tension is seen between the US and China, which is spurring each side to reach higher and push faster towards common and national green economic goals. The shift already visible by May 2021 gives some reason for optimism that the world may indeed be reaching a narrative and climate change policy tipping point – finally. Change, which so often happens too slowly, now appears to be happening fast.
