Last Friday, the European Union has submitted its formal promise on greenhouse gases cuts to the United Nations ahead of the climate change talks starting in December.
As the first major economy to agree its position, the EU called on the US and China to follow its lead, in order to ensure a successful outcome of the UN climate summit; an effective, legally binding global climate change agreement with emission reduction commitments from all countries.
“We expect China, the United States and the other G20 countries in particular to follow the European Union and submit their contributions by the end of March,” Miguel Arias Cańete, EU Commissioner for Climate and Energy, told reporters after a meeting of EU environment ministers in Brussels.
According to the US-China climate agreement from last November, the United States has pledged to cut its emissions to 26-28% below 2005 levels by 2025, and China, the biggest emitter of greenhouse gases in the world, announced to cap emissions by 2030 or earlier if possible.
French Energy Minister Segolene Royal commented on the European agreement which had to reached by March 20 at the latest: “A very important step was taken today. This is a decisive, historic stage.”
She also said that Europe was taking up its responsibilities as host of the 2015 Paris climate conference.
The EU’s official contribution is a target of an at least 40 percent cut in emissions by 2030 compared to 1990s levels.
For the complete article, please see Global Call for Climate Action.
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.
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