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

USD -
AED 3.673042
AFN 65.503991
ALL 82.770403
AMD 381.503986
ANG 1.790055
AOA 917.000367
ARS 1431.358504
AUD 1.505118
AWG 1.8
AZN 1.70397
BAM 1.678705
BBD 2.013364
BDT 122.282772
BGN 1.67999
BHD 0.376283
BIF 2967
BMD 1
BND 1.294944
BOB 6.907739
BRL 5.439604
BSD 0.999601
BTN 89.876145
BWP 13.280747
BYN 2.873917
BYR 19600
BZD 2.010437
CAD 1.38275
CDF 2232.000362
CHF 0.804198
CLF 0.0235
CLP 921.880396
CNY 7.070104
CNH 7.069041
COP 3833.1
CRC 488.298936
CUC 1
CUP 26.5
CVE 95.103894
CZK 20.783504
DJF 177.720393
DKK 6.414904
DOP 64.250393
DZD 129.723093
EGP 47.482076
ERN 15
ETB 155.150392
EUR 0.858704
FJD 2.26045
FKP 0.748861
GBP 0.749625
GEL 2.69504
GGP 0.748861
GHS 11.45039
GIP 0.748861
GMD 73.000355
GNF 8687.503848
GTQ 7.657084
GYD 209.137648
HKD 7.78495
HNL 26.280388
HRK 6.469704
HTG 130.859652
HUF 328.020388
IDR 16689.55
ILS 3.23571
IMP 0.748861
INR 89.958504
IQD 1310
IRR 42112.503816
ISK 127.980386
JEP 0.748861
JMD 159.999657
JOD 0.70904
JPY 155.370385
KES 129.303801
KGS 87.450384
KHR 4005.00035
KMF 422.00035
KPW 899.993191
KRW 1473.803789
KWD 0.30697
KYD 0.833083
KZT 505.531856
LAK 21690.000349
LBP 89550.000349
LKR 308.334728
LRD 176.903772
LSL 16.950381
LTL 2.95274
LVL 0.60489
LYD 5.450381
MAD 9.236504
MDL 17.00842
MGA 4487.000347
MKD 52.906919
MMK 2099.939583
MNT 3546.502114
MOP 8.016033
MRU 39.860379
MUR 46.103741
MVR 15.403739
MWK 1737.000345
MXN 18.174204
MYR 4.111039
MZN 63.910377
NAD 16.950377
NGN 1450.080377
NIO 36.775039
NOK 10.105104
NPR 143.802277
NZD 1.730703
OMR 0.383822
PAB 0.999682
PEN 3.517504
PGK 4.187504
PHP 58.965038
PKR 280.375038
PLN 3.63215
PYG 6875.152888
QAR 3.64105
RON 4.372604
RSD 100.993038
RUB 76.367149
RWF 1451
SAR 3.753173
SBD 8.230592
SCR 13.523679
SDG 601.503676
SEK 9.40005
SGD 1.295404
SHP 0.750259
SLE 23.703667
SLL 20969.498139
SOS 571.503662
SRD 38.629038
STD 20697.981008
STN 21.4
SVC 8.745763
SYP 11058.244165
SZL 16.950369
THB 31.875038
TJS 9.171638
TMT 3.51
TND 2.95125
TOP 2.40776
TRY 42.526038
TTD 6.776446
TWD 31.289038
TZS 2435.000335
UAH 41.959408
UGX 3536.283383
UYU 39.096531
UZS 12005.000334
VES 254.551935
VND 26360
VUV 122.070109
WST 2.790151
XAF 563.019389
XAG 0.017168
XAU 0.000238
XCD 2.70255
XCG 1.801608
XDR 0.70002
XOF 562.503593
XPF 102.875037
YER 238.550363
ZAR 16.926304
ZMK 9001.203584
ZMW 23.111058
ZWL 321.999592
  • RBGPF

    0.0000

    78.35

    0%

  • CMSD

    -0.0700

    23.25

    -0.3%

  • GSK

    -0.1600

    48.41

    -0.33%

  • AZN

    0.1500

    90.18

    +0.17%

  • NGG

    -0.5000

    75.41

    -0.66%

  • SCS

    -0.0900

    16.14

    -0.56%

  • RYCEF

    -0.1600

    14.49

    -1.1%

  • CMSC

    -0.0500

    23.43

    -0.21%

  • RELX

    -0.2200

    40.32

    -0.55%

  • RIO

    -0.6700

    73.06

    -0.92%

  • VOD

    -0.1630

    12.47

    -1.31%

  • BCC

    -1.2100

    73.05

    -1.66%

  • BCE

    0.3300

    23.55

    +1.4%

  • JRI

    0.0400

    13.79

    +0.29%

  • BTI

    -1.0300

    57.01

    -1.81%

  • BP

    -1.4000

    35.83

    -3.91%

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