China, United States Announce Big Separate Measures to Tackle Climate Change
The US-China deal paved the way for the landmark 2015 Paris deal. This time the two failed countries shared the announcement.
The world’s two largest economies and the biggest carbon polluters on Tuesday announced separate financial attacks on climate change.
Chinese President Xi Jinping told the United Nations General Assembly that he would surprise the global climate for the second year in a row and not finance coal-fired power plants abroad. Hours after US President Joe Biden announced plans to double financial aid to poor countries to $ 11.4 billion by 2024, they switched to cleaner energy and global warming. It is now possible to cope with the worsening effects of global warming. This will allow rich countries to approach the long-promised but unfulfilled goal of $ 100 billion per year to support climate change in developing countries.
Xinyue Ma, energy development finance expert at Boston University’s Center for Global Development Policy, said:
Experts say this could provide the momentum needed to start major climate talks in Glasgow, Scotland, in less than six weeks. The joint US-China deal began successful negotiations for the landmark 2015 Paris climate change accord. This time around, the two countries made separate announcements several hours and thousands of miles apart. facing a crisis in US-Chinese relations.
“Today was a very good day for the world,” British Prime Minister Boris Johnson, who hosts the upcoming climate talks, told Vice President Kamala Harris.
UN Secretary-General Antonio Guterres, who enthusiastically called for more efforts to tackle climate change this week, called the news welcoming the two announcements, but “still a long way to go” for the success of the Glasgow conference. There are. “
According to Europe, 47 plans are in the works in 20 developing countries that use fuels that release the most heat-containing gas, with roughly the same amount of coal-fired electricity as Germany, depending on when China’s new coal policy comes into effect. There is a possibility of shutting down the plant. E3G Climate Think Tank.
Joanna Lewis, Chinese energy and climate expert at Georgetown University, said: “This is the announcement many have been waiting for.”
Kevin Gallagher, director of the Boston University Center, showed that between 2013 and 2019, China financed 13% of coal-fired power plants built outside of China. Japan and South Korea announced earlier this year that they would pull out of the coal finance business.
âThis signals the global economy, a sector that is quickly becoming a stranded asset,â said Gallagher, with the three countries pulling out of coal lending abroad.
Byford Tsang, an E3G policy analyst, said it was a big step, but not a death secret for coal. He said it was because China added so many new coal powers in its country as it could have been canceled abroad last year.
Tsang said the one-sentence line in Xi’s speech referring to the new policy lacked details such as the effective date and whether it applied to private and public funding. I warned.
It is also important that China stop building new coal-fired power plants in the country and shut down old coal-fired power plants. He said it would be part of the promotion of the G20 meeting in Italy next month. “The Chinese are currently trying to respond to international pressure as well as bilateral pressure in the United States,” said Deborah Serigson, a Chinese policy and energy expert at Villanova University. paddy field.
âThe non-coal energy mix is ââstill decades away,â said Chrisfield, director of the environment at Stanford University, as coal-fired power plants have typically been in operation for more than 50 years.
Many countries trying to build their economies (including the most polluted countries in China and India) have long argued that they need to industrialize with fossil fuels, as developed countries have already done. According to Joe Sweat, a climate finance expert at the World Resources Institute, a âbig dealâ was held in Paris in 2015, starting in 2009, with rich countries financing poor countries for $ 100 billion a year. I promised.
However, according to the Organization for Economic Co-operation and Development, in 2019 the richest countries provided only $ 80 billion a year.
So when a rich country like the United States has asked a poor country to do more, “it gives other countries a very simple counter-argument,” Swaite said.
In April, Biden announced he would double his annual Obama-era financial aid pledge from $ 2.85 billion to $ 5.7 billion. He announced Tuesday that he hopes to double it from 2024 to $ 11.4 billion a year, but he needs a passage from Congress.
The European Union spends $ 24.5 billion a year, and the European Commission recently increased it to over $ 4.7 billion in seven years. âThe Europeans are doing more and the Americans are late,â Thwaite said.
He calculates that some studies would have to contribute 40% to 47% of the $ 100 billion fund to make a fair share based on the US economy, people, and carbon pollution. Says that.
But Republicans in Congress are not convinced. âYou shouldn’t pick winners and losers and donate to a fund that provides additional grants to China in the process,â said Republican Representative Garret Graves, Republican House Climate Commission ranking.
Michael Oppenheimer, professor of climatology and international affairs at Princeton University, said he was skeptical about the end of the era of great world fame. âThe important thing is what happens on the pitch. “
“Accelerating the phase-out of coal globally is the single most important step towards meeting the main warming limits of the Paris Agreement,” said UN Prime Minister AntÃ³nio Guterres.
The Associated Press’s Department of Health Sciences is supported by the Howard Hughes Medical Institute’s Department of Science Education. AP is solely responsible for all content.
Associated Press reporter Matthew Daly contributed from Washington.
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