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

USD -
AED 3.672496
AFN 63.499831
ALL 82.257093
AMD 368.070326
ANG 1.790403
AOA 918.000251
ARS 1461.5157
AUD 1.430584
AWG 1.8
AZN 1.699751
BAM 1.707839
BBD 2.014862
BDT 122.896637
BGN 1.69088
BHD 0.37695
BIF 2985
BMD 1
BND 1.293759
BOB 6.91239
BRL 5.158099
BSD 1.000358
BTN 94.655909
BWP 13.576786
BYN 2.799012
BYR 19600
BZD 2.011981
CAD 1.416315
CDF 2264.999797
CHF 0.809065
CLF 0.023031
CLP 906.449743
CNY 6.774798
CNH 6.778565
COP 3445.05
CRC 453.811158
CUC 1
CUP 26.5
CVE 96.87499
CZK 21.17645
DJF 177.720059
DKK 6.54281
DOP 58.291712
DZD 133.536016
EGP 49.741198
ERN 15
ETB 161.283979
EUR 0.87533
FJD 2.251302
FKP 0.755695
GBP 0.755093
GEL 2.650323
GGP 0.755695
GHS 11.230007
GIP 0.755695
GMD 72.999698
GNF 8777.504172
GTQ 7.628428
GYD 209.275317
HKD 7.83945
HNL 26.762371
HRK 6.593902
HTG 130.677006
HUF 308.422497
IDR 17965
ILS 2.97135
IMP 0.755695
INR 94.70085
IQD 1310.524891
IRR 1374999.999882
ISK 126.050215
JEP 0.755695
JMD 158.06984
JOD 0.70896
JPY 161.558494
KES 129.419543
KGS 87.450283
KHR 4016.800706
KMF 429.497004
KPW 900.00035
KRW 1541.859863
KWD 0.30866
KYD 0.833661
KZT 487.587213
LAK 22093.277098
LBP 89584.959701
LKR 334.503445
LRD 182.07459
LSL 16.436923
LTL 2.95274
LVL 0.60489
LYD 6.396659
MAD 9.325876
MDL 17.591841
MGA 4219.387176
MKD 53.93993
MMK 2099.917974
MNT 3579.231668
MOP 8.077961
MRU 40.000349
MUR 47.809815
MVR 15.460512
MWK 1736.000022
MXN 17.37015
MYR 4.147098
MZN 63.89974
NAD 16.436923
NGN 1366.65962
NIO 36.814852
NOK 9.70485
NPR 151.449105
NZD 1.752587
OMR 0.384501
PAB 1.000358
PEN 3.385028
PGK 4.456902
PHP 61.130966
PKR 278.233656
PLN 3.74025
PYG 6098.551332
QAR 3.646906
RON 4.5841
RSD 102.777034
RUB 74.251001
RWF 1465.171718
SAR 3.753791
SBD 8.061424
SCR 13.283564
SDG 600.498943
SEK 9.626925
SGD 1.293885
SHP 0.746601
SLE 24.749912
SLL 20969.503664
SOS 571.695527
SRD 37.4305
STD 20697.981008
STN 21.39383
SVC 8.753133
SYP 110.532098
SZL 16.433081
THB 32.980139
TJS 9.278635
TMT 3.5
TND 2.957937
TOP 2.40776
TRY 46.470097
TTD 6.784027
TWD 31.702102
TZS 2628.231975
UAH 44.991835
UGX 3651.795772
UYU 40.002096
UZS 11989.276889
VES 606.63266
VND 26320
VUV 118.352303
WST 2.751796
XAF 572.793161
XAG 0.015452
XAU 0.000239
XCD 2.70255
XCG 1.802932
XDR 0.71169
XOF 571.999874
XPF 104.139924
YER 238.567185
ZAR 16.410199
ZMK 9001.198041
ZMW 17.731555
ZWL 321.999592
  • CMSC

    -0.2100

    22.16

    -0.95%

  • RBGPF

    -0.2700

    60.34

    -0.45%

  • CMSD

    -0.2100

    22.08

    -0.95%

  • BCC

    -2.1200

    72.54

    -2.92%

  • RYCEF

    0.2300

    18.63

    +1.23%

  • NGG

    1.5300

    80.97

    +1.89%

  • RIO

    -0.7200

    99.36

    -0.72%

  • JRI

    -0.0200

    12.65

    -0.16%

  • BCE

    -0.6300

    22.65

    -2.78%

  • GSK

    0.0700

    50.74

    +0.14%

  • VOD

    -0.1800

    14.12

    -1.27%

  • BTI

    -0.0100

    58.9

    -0.02%

  • AZN

    1.5000

    176.43

    +0.85%

  • RELX

    -0.3500

    30.83

    -1.14%

  • BP

    0.6800

    39.78

    +1.71%

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