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.
As falling renewable energy costs and a shadow carbon price are making coal power investments unviable the Asian Development Bank (ADB) is making a decisive shift to clean energy, according to bank energy chief Yongping Zhai.
The Global Climate Action Summit has created a subtle, yet resonating effect on international climate diplomacy. Arguably, its biggest contribution lies in reaffirming the active role of the US in climate action – a refreshing sign of political maturity and environmental responsibility in Trumpian times.
Brazil’s president-elect Jair Bolsonaro has named an anti-globalist diplomat to lead foreign affairs and his country’s relationship with the Paris Agreement. Ernesto Araújo, a relatively junior diplomat, accuses the left of using the environmental cause ‘to serve their political project of total domination’
As opposed to China’s Belt and Road Initiative, India could lead a campaign for climate-responsible international development cooperation, shifting from coal to renewables domestically and promoting the values of the International Solar Alliance globally.