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

USD -
AED 3.673025
AFN 69.49161
ALL 84.204905
AMD 384.02998
ANG 1.789699
AOA 917.000315
ARS 1339.238498
AUD 1.541185
AWG 1.8025
AZN 1.763599
BAM 1.694735
BBD 2.019765
BDT 121.944985
BGN 1.689295
BHD 0.37698
BIF 2948.5
BMD 1
BND 1.289107
BOB 6.912269
BRL 5.502975
BSD 1.000308
BTN 87.75145
BWP 13.585141
BYN 3.287192
BYR 19600
BZD 2.009393
CAD 1.37705
CDF 2889.9999
CHF 0.80672
CLF 0.024629
CLP 966.169922
CNY 7.1841
CNH 7.193565
COP 4090.5
CRC 505.435183
CUC 1
CUP 26.5
CVE 95.624959
CZK 21.234199
DJF 177.720114
DKK 6.44258
DOP 60.825032
DZD 130.3459
EGP 48.420105
ERN 15
ETB 138.650224
EUR 0.86337
FJD 2.26045
FKP 0.752485
GBP 0.751501
GEL 2.705228
GGP 0.752485
GHS 10.549812
GIP 0.752485
GMD 72.445873
GNF 8675.000167
GTQ 7.674744
GYD 209.292653
HKD 7.849955
HNL 26.349894
HRK 6.505797
HTG 131.268711
HUF 343.626499
IDR 16360.4
ILS 3.446685
IMP 0.752485
INR 87.705974
IQD 1310
IRR 42124.999608
ISK 123.319845
JEP 0.752485
JMD 160.063082
JOD 0.709001
JPY 147.382502
KES 129.500947
KGS 87.449853
KHR 4010.000041
KMF 425.500839
KPW 900.023324
KRW 1389.440134
KWD 0.30565
KYD 0.833601
KZT 537.911971
LAK 21599.999839
LBP 89550.000009
LKR 300.828824
LRD 201.00009
LSL 17.916238
LTL 2.95274
LVL 0.60489
LYD 5.434986
MAD 9.08875
MDL 17.030753
MGA 4435.000182
MKD 53.156333
MMK 2098.973477
MNT 3592.605619
MOP 8.088525
MRU 39.901832
MUR 45.630274
MVR 15.397068
MWK 1736.503563
MXN 18.721397
MYR 4.227499
MZN 63.95966
NAD 17.89956
NGN 1528.250481
NIO 36.750129
NOK 10.246735
NPR 140.403537
NZD 1.689205
OMR 0.384506
PAB 1.000321
PEN 3.555034
PGK 4.135502
PHP 57.498499
PKR 282.549976
PLN 3.696587
PYG 7492.775412
QAR 3.640499
RON 4.382901
RSD 101.170981
RUB 80.000345
RWF 1441.5
SAR 3.75217
SBD 8.244163
SCR 14.729442
SDG 600.509569
SEK 9.665502
SGD 1.287065
SHP 0.785843
SLE 23.101869
SLL 20969.503947
SOS 571.501579
SRD 36.969504
STD 20697.981008
STN 21.485
SVC 8.752692
SYP 13002.222445
SZL 17.89012
THB 32.360085
TJS 9.41336
TMT 3.51
TND 2.899009
TOP 2.342101
TRY 40.6889
TTD 6.787371
TWD 29.988499
TZS 2469.999853
UAH 41.705046
UGX 3580.449636
UYU 40.154413
UZS 12624.999577
VES 126.950815
VND 26245
VUV 119.406554
WST 2.772467
XAF 568.405501
XAG 0.0264
XAU 0.000296
XCD 2.70255
XCG 1.80286
XDR 0.704914
XOF 567.499511
XPF 103.424984
YER 240.35018
ZAR 17.858051
ZMK 9001.198078
ZMW 23.033097
ZWL 321.999592
  • RBGPF

    -0.0200

    74.92

    -0.03%

  • CMSC

    0.0000

    23.07

    0%

  • SCU

    0.0000

    12.72

    0%

  • NGG

    -0.3700

    72.28

    -0.51%

  • RYCEF

    -0.1700

    14.33

    -1.19%

  • VOD

    0.0600

    11.1

    +0.54%

  • BCC

    4.0600

    86.77

    +4.68%

  • SCS

    -0.6200

    15.96

    -3.88%

  • RIO

    -0.3000

    59.7

    -0.5%

  • GSK

    -0.3600

    37.32

    -0.96%

  • RELX

    -1.3800

    50.59

    -2.73%

  • BCE

    0.2500

    23.56

    +1.06%

  • JRI

    0.0600

    13.26

    +0.45%

  • CMSD

    -0.1200

    23.51

    -0.51%

  • BTI

    0.2900

    55.84

    +0.52%

  • AZN

    -0.1100

    74.48

    -0.15%

  • BP

    1.1100

    33.6

    +3.3%

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