The China Mail - As Trump returns, China seizes chance for climate mantle

USD -
AED 3.672503
AFN 63.999633
ALL 81.13116
AMD 364.066319
ANG 1.790365
AOA 917.999554
ARS 1524.997501
AUD 1.439429
AWG 1.8025
AZN 1.699887
BAM 1.725719
BBD 2.018882
BDT 123.247965
BGN 1.683441
BHD 0.377906
BIF 3005.722202
BMD 1
BND 1.279885
BOB 12.063778
BRL 5.184055
BSD 1.002338
BTN 96.076978
BWP 14.120969
BYN 3.01672
BYR 19600
BZD 2.01597
CAD 1.42459
CDF 2310.000003
CHF 0.836205
CLF 0.024656
CLP 973.539878
CNY 6.70475
CNH 6.71436
COP 3314.79
CRC 457.846208
CUC 1
CUP 24.056893
CVE 97.29465
CZK 21.580966
DJF 178.497375
DKK 6.601103
DOP 59.602065
DZD 133.919964
EGP 51.941199
ERN 15
ETB 163.729916
EUR 0.88295
FJD 2.24875
FKP 0.756991
GBP 0.75445
GEL 2.60498
GGP 0.756991
GHS 11.732889
GIP 0.756991
GMD 74.000372
GNF 8750.000468
GTQ 7.658099
GYD 209.730789
HKD 7.84665
HNL 26.909604
HRK 6.6528
HTG 131.186306
HUF 323.419643
IDR 17937
ILS 3.07365
IMP 0.756991
INR 95.96915
IQD 1313.138889
IRR 1693792.502544
ISK 120.969796
JEP 0.756991
JMD 158.635902
JOD 0.708994
JPY 158.143502
KES 129.719972
KGS 87.4487
KHR 4065.101628
KMF 435.000056
KPW 900.000318
KRW 1360.175049
KWD 0.30903
KYD 0.835337
KZT 440.918897
LAK 22497.408184
LBP 89762.385847
LKR 331.231884
LRD 171.912363
LSL 16.416191
LTL 2.95274
LVL 0.60489
LYD 6.411082
MAD 9.723465
MDL 17.796797
MGA 4402.876428
MKD 54.331282
MMK 2099.600314
MNT 3599.1704
MOP 8.102072
MRU 40.144704
MUR 47.75987
MVR 15.449965
MWK 1738.121498
MXN 18.08776
MYR 4.086498
MZN 63.909596
NAD 16.41706
NGN 1326.860227
NIO 36.892099
NOK 9.633325
NPR 153.717739
NZD 1.77802
OMR 0.384505
PAB 1.002374
PEN 3.450819
PGK 4.536992
PHP 62.741981
PKR 277.681916
PLN 3.85205
PYG 5864.031411
QAR 3.65434
RON 4.657014
RSD 103.796978
RUB 83.375041
RWF 1480.037058
SAR 3.759293
SBD 8.032647
SCR 13.836223
SDG 601.505977
SEK 10.01845
SGD 1.27922
SHP 0.755829
SLE 24.649875
SLL 20969.491881
SOS 572.815106
SRD 37.621502
STD 20697.981008
STN 21.617329
SVC 8.77073
SYP 13002.000254
SZL 16.407994
THB 33.620498
TJS 9.232161
TMT 3.51
TND 2.97262
TOP 2.40776
TRY 49.032203
TTD 6.800164
TWD 31.937496
TZS 2640.002984
UAH 44.775489
UGX 3929.198542
UYU 40.386126
UZS 11858.028368
VES 857.98905
VND 25966
VUV 119.008285
WST 2.76852
XAF 579.17706
XAG 0.016353
XAU 0.000240041575
XCD 2.70255
XCG 1.806559
XDR 0.707052
XOF 579.17706
XPF 105.230186
YER 236.396786
ZAR 16.44243
ZMK 9001.20083
ZMW 19.596771
ZWL 321.999592
SSP 5712.591896
MXV 2.047495
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

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.

I.Taylor--ThChM--ThChM