China and the European Union redoubled their commitment to a strong climate pact on Monday in a Brussels summit, as the Asian giant readied its widely-anticipated pledge for submission. Heads of the world’s number one and three emitters of greenhouse gas emissions signed a joint agreement on climate change and heralded a “new starting point” after 40 years of relations.
It sees a deepening of Sino-European ties as new chiefs seek to overcome former diplomatic hostilities, with Chinese investment earmarked for a European infrastructure fund and greater collaboration on issues from migration to the Greece crisis.
“This year is critical in terms of global climate change governance,” said Chinese premier Li Keqiang, who travelled to the Belgian capital for the first time. “We are willing to work together with the EU side to jointly tackle the challenge posed by climate change that observes principles of common but differentiated responsibility, equity and respective capabilities to implement climate change solutions,” he told reporters in a press conference.
China would submit its “intended nationally determined contribution” before the end of June confirming months of speculation, Keqiang said. Accounting for over a quarter of emissions, it is a significant player in crafting a global warming agreement.
Even as the US officially pulled out of the Paris Agreement earlier this week, it might be too soon to lose hope on the country's long-term commitments to climate action. If a Democrat wins the upcoming presidential elections, which are set for November 2020, a reaccession process could begin shortly after the withdrawal is complete. In the meantime, however, the effect on trade policy could be significant.
European peatlands could turn from carbon sinks to sources as a quarter have reached levels of dryness unsurpassed in a record stretching back 2,000 years, according to a new study. This trend of “widespread” and “substantial” drying corresponds to recent climate change, both natural and human-caused, but may also be exacerbated by the peatlands being used for agriculture and fuel.
The Kingdom of the Netherlands has contributed $28 million to back FAO's work to boost the resilience of food systems in Somalia, Sudan, and South Sudan - part of a new initiative to scale-up resilience-based development work in countries affected by protracted crises.
A group of five small countries have announced that they will launch negotiations on a new Agreement on Climate Change, Trade and Sustainability, which, if successful, would constitute the first international trade agreement focused solely on climate change and sustainable development. The initiative also breaks new ground by aiming to simultaneously remove barriers for trade in environmental goods and services and crafting binding rules to eliminate fossil fuel subsidies. Small countries can pioneer the development of new trade rules that can help achieve climate goals, but making credible commitments, attracting additional participants, and ensuring transparency will be essential ingredients for long-term success.