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

USD -
AED 3.673104
AFN 64.000368
ALL 80.950403
AMD 369.010403
ANG 1.789884
AOA 918.000367
ARS 1398.655759
AUD 1.37874
AWG 1.8025
AZN 1.70397
BAM 1.662466
BBD 2.013854
BDT 122.689218
BGN 1.668102
BHD 0.377404
BIF 2975
BMD 1
BND 1.267973
BOB 6.9098
BRL 4.915095
BSD 0.999873
BTN 94.420977
BWP 13.425192
BYN 2.825886
BYR 19600
BZD 2.010964
CAD 1.36705
CDF 2265.000362
CHF 0.776955
CLF 0.022646
CLP 891.290396
CNY 6.80075
CNH 6.796265
COP 3750.48
CRC 459.648974
CUC 1
CUP 26.5
CVE 94.050394
CZK 20.636704
DJF 177.720393
DKK 6.340404
DOP 59.350393
DZD 132.260393
EGP 52.744691
ERN 15
ETB 157.303874
EUR 0.84804
FJD 2.18304
FKP 0.733957
GBP 0.73346
GEL 2.67504
GGP 0.733957
GHS 11.29039
GIP 0.733957
GMD 73.503851
GNF 8780.000355
GTQ 7.634866
GYD 209.223551
HKD 7.83175
HNL 26.620388
HRK 6.393304
HTG 130.919848
HUF 300.190388
IDR 17377.45
ILS 2.901304
IMP 0.733957
INR 94.425504
IQD 1310
IRR 1311500.000352
ISK 122.010386
JEP 0.733957
JMD 157.601928
JOD 0.70904
JPY 156.66204
KES 129.180385
KGS 87.420504
KHR 4010.00035
KMF 418.00035
KPW 899.983822
KRW 1461.920383
KWD 0.30766
KYD 0.833358
KZT 462.122307
LAK 21955.000349
LBP 89550.000349
LKR 321.915771
LRD 183.503772
LSL 16.390381
LTL 2.95274
LVL 0.60489
LYD 6.325039
MAD 9.12038
MDL 17.099822
MGA 4165.000347
MKD 52.252978
MMK 2099.83295
MNT 3581.379784
MOP 8.06268
MRU 39.945039
MUR 46.820378
MVR 15.403739
MWK 1742.000345
MXN 17.177604
MYR 3.921039
MZN 63.910377
NAD 16.390377
NGN 1365.000344
NIO 36.715039
NOK 9.209304
NPR 151.087386
NZD 1.675884
OMR 0.384942
PAB 0.999962
PEN 3.434504
PGK 4.350375
PHP 60.515038
PKR 278.650374
PLN 3.59545
PYG 6107.687731
QAR 3.640374
RON 4.426304
RSD 99.473038
RUB 74.240007
RWF 1460.5
SAR 3.782036
SBD 8.019432
SCR 13.958442
SDG 600.503676
SEK 9.215704
SGD 1.267304
SHP 0.746601
SLE 24.650371
SLL 20969.496166
SOS 571.503662
SRD 37.399038
STD 20697.981008
STN 21.15
SVC 8.749309
SYP 110.56358
SZL 16.370369
THB 32.203038
TJS 9.329718
TMT 3.5
TND 2.866038
TOP 2.40776
TRY 45.349038
TTD 6.776593
TWD 31.316038
TZS 2598.394038
UAH 43.92104
UGX 3746.547108
UYU 39.879308
UZS 12135.000334
VES 499.23597
VND 26308
VUV 118.45862
WST 2.707065
XAF 557.575577
XAG 0.012439
XAU 0.000212
XCD 2.70255
XCG 1.802048
XDR 0.695511
XOF 557.503593
XPF 101.625037
YER 238.625037
ZAR 16.380704
ZMK 9001.203584
ZMW 19.037864
ZWL 321.999592
  • CMSD

    0.1140

    23.534

    +0.48%

  • RBGPF

    0.7000

    63.61

    +1.1%

  • BCC

    -2.0900

    70.67

    -2.96%

  • GSK

    -0.0900

    50.41

    -0.18%

  • VOD

    0.5100

    16.2

    +3.15%

  • CMSC

    0.1400

    23.11

    +0.61%

  • RYCEF

    -0.4100

    16.37

    -2.5%

  • BCE

    -0.4300

    24.14

    -1.78%

  • RIO

    2.2700

    105.38

    +2.15%

  • NGG

    0.9800

    86.89

    +1.13%

  • JRI

    0.0000

    13.15

    0%

  • RELX

    0.0759

    33.58

    +0.23%

  • BTI

    0.2000

    58.28

    +0.34%

  • AZN

    0.3300

    182.85

    +0.18%

  • BP

    -0.4700

    43.34

    -1.08%

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