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Wednesday, January 26, 2022

CLIMATE: China and US unveil big plans to tackle climate change

Being the two biggest economies in the world as well as the biggest carbon polluters, both the United States and China have unveiled big plans to tackle climate change.

Chinese President Xi Jinping stated that China will no longer be funding coal-fired power plants abroad.

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This comes after US President Joe Biden announced that his country will be doubling financial aid to poorer nations so they could switch to cleaner energy and deal with the worsening impacts of climate change.

With both nations making their announcements separately, the joint agreement has kickstarted successful negotiations running up to the Paris Agreement 2015.

China’s new coal policy could lead to the shut down of 47 planned power plants in 20 developing countries that use fuel that produces the most heat-trapping gases, according to the European climate think-tank E3G.

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Expert on China, energy and climate at Georgetown University Joanna Lewis stated that China was the only significant funder of overseas coal left.

A policy analyst for E3G Byford Tsang cautioned that one sentence in Jinping’s speech that mentioned the new policy lacked detail in regards to effective dates and whether it applied to private funding as well as public funding.

IMAGE – IMAGE – “Joe Biden” by Gage Skidmore is licensed under CC BY-SA 2.0/Wikimedia Commons

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