Green path is the only way to the future

Coinciding with this heartening discovery, however, comes the disturbing news from India that unseasonal heavy snowfalls due to climate change in the Himalayas are forcing the ever elusive snow leopard to descend to lower altitudes.

Since the two species prey on similar types of ungulates, they could encounter each other leading to fierce fights, a possibility that has left environmentalists and wildlife experts aghast.

This is particularly worrisome because, even though snow leopards have a huge range from China, India, Bhutan, Nepal, Pakistan and Afghanistan to Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan, Mongolia and Russia, their number is small-between 3,500 and 7,000, and the International Union for Conservation of Nature has classified them as "vulnerable".

And China has chosen the path of green development, which will promote harmony between humans and nature, to build an ecological civilization, and thus contribute to the global fight against the changing climate.

That the communiqué issued after the conclusion of the Fifth Plenary Session of the 19th Communist Party of China Central Committee on Thursday has vowed to move forward on the green development path should come as encouraging news to the global economy, too, because by mitigating the effects of climate change, China will also reduce countries' sovereign risks, which can arise due to the direct and indirect impacts of climate change on public finance.

As a recent Asian Development Bank blog post says, climate change raises the cost of capital in climate-vulnerable countries and threatens debt sustainability.

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