Donald Trump’s recent victory raises concerns about the future of US climate action. Known for his skepticism toward climate change, Trump is expected to reverse many of President Biden’s policies. This includes the possibility of withdrawing from the Paris Agreement. As the world’s second-largest emitter of greenhouse gases and the largest historical emitter, the US plays a vital role in global climate efforts. Trump’s stance on climate change could undermine global commitments at COP29.
Bitter Disappointment for Climate Advocates
John Podesta, US climate envoy, expressed deep disappointment over Trump’s victory. He warned that Biden’s progress, including major investments in clean energy and decarbonization, could be undone. Trump’s dismissive view of climate change, calling it a “hoax,” contradicts scientific consensus. His potential return to power could jeopardize both domestic and global climate efforts.
The Threat of US Withdrawal from the Paris Agreement
COP29 faces a major concern: the possibility of Trump withdrawing from the Paris Agreement again. Trump previously exited the accord, and Biden rejoined. Experts warn that a second Trump administration could isolate the US from international climate cooperation. This could set a dangerous precedent, encouraging other major emitters to reduce their commitments, undermining global climate progress.
Impact on Global Climate Finance
Another key issue at COP29 is the renewal of climate finance commitments. The $100 billion per year pledge made in 2009 is due for replacement with a new collective quantified goal (NCQG). By 2030, experts predict that at least $2.4 trillion annually will be needed to help developing nations meet their climate goals. However, Trump’s potential pullback on climate finance could limit US contributions, prompting other wealthy nations to scale back their commitments. This could hinder efforts to fund climate action in the Global South.
Potential Shift in Global Leadership
With the US retreating from climate leadership, China may step in to fill the void. China’s influence in climate negotiations has grown, and it may increase efforts to shape global policy in the absence of US leadership. As COP29 continues, it remains to be seen how countries will respond to this shift. The world will closely watch whether they will maintain their commitments to the Paris Agreement and global climate finance goals.
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