Trump win worries global partners
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The EU and US had planned to push China and rich Gulf states to start paying into UN climate funds.
“Pushing for more ambitious climate finance is going to be almost impossible without the US buy-in, which will de-motivate developing countries from taking seriously the climate ambitions of the West,” said Elisabetta Cornago, a senior research fellow at the Centre for European Reform.
Jennifer Morgan, Germany’s state secretary for international climate action, said it will be up to Germany and the European Union to maintain leadership in the climate finance discussions to ensure an acceptable result.
Failure to land a strong climate finance deal would be a particularly big setback for the 45-country group of Least Developed Countries in UN climate negotiations, which is demanding countries pay up.
One climate minister from Latin America said that while the return of pro-oil drilling Trump and his likely Paris withdrawal are a setback to global climate efforts, the deployment of renewables is attracting trillions of dollars in investments and will continue despite his political manoeuvres.
“The election feels like a slap in the face to climate progress, but it won’t stop the global push for clean energy,” the official said. “Sticking with fossil fuels is a dead end.”
Any weakening in the US’ stance on tackling climate change, however, would make it vital for Europe and China to hold firm. The US, China, and the 27-country European Union are the world’s biggest historical polluters.
“If one of the three-legged pillars is wobbling or uncertain, the other two need to hold fast,” a European diplomat told Reuters.
Li Shuo, director of China Climate Hub at the Asia Society Policy Institute, said the loss of US-China political leadership at COP29 and in the future needs to be filled by China and the EU.
“A strengthened climate alliance with Europe and China at the centre is our best hope for the next few years,” he said.
US states and cities, meanwhile, are planning to step up and fill the US void at the upcoming climate summit to encourage other countries to keep working toward Paris climate goals.
The US Climate Alliance, America Is All In and Climate Mayors will send delegations to COP29. The groups were formed in 2017 after Trump withdrew the US from the Paris agreement the first time, a move the Biden administration reversed. They represent nearly two-thirds of the US population and three-quarters of U.S. GDP.
A report by the University of Maryland in September found that if Biden administration climate laws and policies are rolled back, non-federal entities like states and cities can achieve a 48 percent emissions reduction by 2035 - falling short of previous US commitments to reduce greenhouse emissions at least 50 percent compared to 2005 levels by 2030.
Meanwhile, US President Joe Biden urged Americans to “bring down the temperature” yesterday following Trump’s election victory and sought to console fellow Democrats who were alarmed by the former president’s stunning comeback.
“Setbacks are unavoidable. Giving up is unforgivable,” Biden said at the White House Rose Garden as he addressed staff who were disappointed in Vice President Kamala Harris’ defeat. “A defeat does not mean we are defeated.”
Biden said Tuesday’s election had proven the integrity of the US electoral system and pledged an orderly transfer of power - an implicit rebuke of Trump, who sought to overturn his 2020 defeat to Biden and raised baseless claims of fraud during this year’s campaign as well.
Biden invited Trump to come meet at the White House -- a courtesy Trump did not offer to Biden in 2020 -- and Trump’s campaign said the president-elect would go. In the weeks ahead, Trump will select personnel to serve under his leadership.
Trump’s victory, surprisingly decisive after opinion polls had shown a neck-and-neck contest, underscored how disenchanted Americans had become with the economy - in particular inflation - along with border security and the direction of the country and its culture.