Trump’s election threatens to derail global climate diplomacy ahead of COP29 Summit

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Trump’s election threatens to derail global climate diplomacy ahead of COP29 Summit - Business Mirror

Quick Summary:

The election of Donald Trump—and his vow to once again undertake a US retreat from international climate diplomacy—poses a decisive threat to the fight against global warming, as the window for meaningful action closes.

A joint statement on Wednesday from America Is All In coalition, the US Climate Alliance and Climate Mayors promised that local governments, tribal nations and businesses in the US “will not waver in our commitment to confronting the climate crisis, protecting our progress and relentlessly pressing forward.

The US is the largest shareholder of the World Bank, a key institution for financing the energy transition, and American negotiations with China have helped forge bilateral consensus, spur action in Beijing and pave the way for watershed global commitments, including a 2023 agreement to transition away from fossil fuels.