The Fort Worth Press - As Trump returns, China seizes chance for climate mantle

USD -
AED 3.672499
AFN 65.000072
ALL 81.600054
AMD 377.015652
ANG 1.79008
AOA 916.999718
ARS 1445.012302
AUD 1.424349
AWG 1.8025
AZN 1.699016
BAM 1.652954
BBD 2.006406
BDT 121.744569
BGN 1.67937
BHD 0.377037
BIF 2951.80061
BMD 1
BND 1.266301
BOB 6.883642
BRL 5.237897
BSD 0.996188
BTN 90.006001
BWP 13.760026
BYN 2.854269
BYR 19600
BZD 2.003533
CAD 1.36639
CDF 2200.000413
CHF 0.776435
CLF 0.021734
CLP 858.140033
CNY 6.938203
CNH 6.939565
COP 3629.58
CRC 494.755791
CUC 1
CUP 26.5
CVE 93.18904
CZK 20.62225
DJF 177.398771
DKK 6.322301
DOP 62.727665
DZD 129.897011
EGP 46.939934
ERN 15
ETB 154.525739
EUR 0.84665
FJD 2.200801
FKP 0.729917
GBP 0.72957
GEL 2.694949
GGP 0.729917
GHS 10.913255
GIP 0.729917
GMD 73.000151
GNF 8739.784147
GTQ 7.640884
GYD 208.410804
HKD 7.812065
HNL 26.319926
HRK 6.379101
HTG 130.669957
HUF 322.320154
IDR 16799.45
ILS 3.085695
IMP 0.729917
INR 90.446496
IQD 1305.009254
IRR 42125.000158
ISK 122.759735
JEP 0.729917
JMD 156.11768
JOD 0.709059
JPY 156.801011
KES 128.949633
KGS 87.450259
KHR 4019.573871
KMF 417.999729
KPW 899.945137
KRW 1456.804971
KWD 0.30742
KYD 0.830199
KZT 499.446421
LAK 21428.148849
LBP 89209.607762
LKR 308.347631
LRD 185.292552
LSL 15.956086
LTL 2.95274
LVL 0.60489
LYD 6.298121
MAD 9.137876
MDL 16.870209
MGA 4415.108054
MKD 52.183079
MMK 2099.936125
MNT 3569.846682
MOP 8.016683
MRU 39.768089
MUR 45.879772
MVR 15.45009
MWK 1727.419478
MXN 17.269205
MYR 3.931996
MZN 63.750101
NAD 15.956086
NGN 1379.590392
NIO 36.662976
NOK 9.64985
NPR 144.009939
NZD 1.661085
OMR 0.384488
PAB 0.996163
PEN 3.353659
PGK 4.26805
PHP 58.996032
PKR 278.611912
PLN 3.57692
PYG 6609.139544
QAR 3.622342
RON 4.313702
RSD 99.398038
RUB 76.703228
RWF 1453.926184
SAR 3.750116
SBD 8.058101
SCR 13.590449
SDG 601.49594
SEK 8.95008
SGD 1.27203
SHP 0.750259
SLE 24.474981
SLL 20969.499267
SOS 568.369098
SRD 38.114502
STD 20697.981008
STN 20.706383
SVC 8.716965
SYP 11059.574895
SZL 15.961664
THB 31.611496
TJS 9.309427
TMT 3.51
TND 2.88065
TOP 2.40776
TRY 43.504989
TTD 6.747746
TWD 31.581499
TZS 2586.540272
UAH 43.111874
UGX 3551.266015
UYU 38.369223
UZS 12195.585756
VES 371.640565
VND 25982
VUV 119.556789
WST 2.72617
XAF 554.38764
XAG 0.011125
XAU 0.000198
XCD 2.70255
XCG 1.79537
XDR 0.68948
XOF 554.38764
XPF 100.793178
YER 238.374999
ZAR 15.97505
ZMK 9001.202765
ZMW 19.550207
ZWL 321.999592
  • SCS

    0.0200

    16.14

    +0.12%

  • RBGPF

    -2.1000

    82.1

    -2.56%

  • CMSC

    -0.0900

    23.66

    -0.38%

  • NGG

    1.6200

    86.23

    +1.88%

  • RYCEF

    0.2600

    16.93

    +1.54%

  • RIO

    3.8500

    96.37

    +4%

  • CMSD

    -0.1400

    23.94

    -0.58%

  • GSK

    0.8700

    53.34

    +1.63%

  • AZN

    -4.0900

    184.32

    -2.22%

  • BCC

    3.1800

    84.93

    +3.74%

  • BCE

    0.2700

    26.1

    +1.03%

  • BTI

    0.8800

    61.87

    +1.42%

  • VOD

    0.3400

    15.25

    +2.23%

  • RELX

    -5.0200

    30.51

    -16.45%

  • JRI

    -0.0300

    13.12

    -0.23%

  • BP

    1.1200

    38.82

    +2.89%

As Trump returns, China seizes chance for climate mantle
As Trump returns, China seizes chance for climate mantle / Photo: © AFP/File

As Trump returns, China seizes chance for climate mantle

With Donald Trump expected to take the United States again out of climate diplomacy, China, the world's largest emitter but green energy powerhouse, is seizing on the chance to project itself as the global leader.

Text size:

At COP29 climate talks in Azerbaijan, China has sought to show a cooperative side and for the first time gave details on its international climate finance, while still firmly resisting pressure to be reclassified as a donor.

The go-nice approach -- a contrast to Beijing's frequent shrillness about international disputes -- keeps the tone from a year ago at COP28 in Dubai.

There, China and the then US envoy John Kerry worked together for a breakthrough call on the world to transition away from fossil fuels responsible for climate change.

Few expect the warm feelings between China and the United States -- which together account for 41 percent of global greenhouse gas emissions -- to persist after Trump returns to the White House on January 20.

Trump is an outspoken and three-fold sceptic -- on working with China, on providing foreign assistance and on climate change in general.

Trump's election "opens up an opportunity for China to step up into even more of a climate leadership role," said Belinda Schaepe, a China analyst at the Centre for Research on Energy and Clean Air in London.

"It makes it easy for China to portray itself as the more responsible global power of the two," she said.

But she said China would bolster its case if it offered forward-looking promises on aid and ambitious targets for cutting emissions through 2035, not just in the longer term.

- Addressing critics on finance -

In the Baku talks, wealthy countries are being urged to go beyond an expiring goal of providing $100 billion a year to poor countries worst hit by climate change.

China has resolutely resisted pressure by Western nations as well as some threatened island states to be considered a donor, which would subject it to greater accounting scrutiny.

Vice Premier Ding Xuexiang, visiting Baku, revealed that China had contributed $24.5 billion in international climate finance since 2016.

Jennifer Morgan, Germany's negotiator, said the announcement "shows that China can do a lot and is already doing a lot".

"But we can only take account of what has been reported transparently," she said.

One option would be for China to promise future aid but on a voluntary basis, while remaining listed as a developing country.

The classification dates back to 1992, before China's breakneck economic development. The Asian power has now surpassed Europe as the second-largest historical emitter after the United States.

"Not only China, but also Gulf nations and other countries should give in line with their capabilities," said Susana Muhamad, Colombia's environment minister.

But she also said that if Trump pulled the United States out of the Paris accord, "I think there are countries that will take the climate lead and China is very committed, at least in terms of the multilateral process."

US climate negotiators' leverage evaporated with Trump's election on November 5.

President Joe Biden, on a visit Sunday to the Brazilian Amazon, said his administration has made good on his promise to deliver more than $11 billion in bilateral climate finance this year, a major increase during his term.

- Turbulence ahead -

China's priority on climate is rooted in self-interest as authorities address dire environmental woes.

China has also quickly emerged as the global leader on clean energy, dominating the electric car and solar industries -- leading both the United States and European Union to impose tariffs.

Li Shuo, director of the China climate hub at the Asia Society Policy Institute, said he saw China negotiating constantly in Baku with the Europeans -- much like they did previously with Kerry -- in anticipation of difficulties once Trump takes office.

"The politics will get worse before they get better. The US-China relationship will deteriorate and the China-EU relationship will see turbulence," he said.

But Li said that a US exit under Trump could have an unexpected upside in climate negotiations, if not on climate overall.

"Ironically, the Trump election might make dealmaking easier because the US carries the most extreme position," he said.

J.Barnes--TFWP