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Opinion / #climate risk
Given that China is the world’s largest emitter and has a high carbon intensity, some assume that its trade war with the United States, which has shifted production to third countries, would have environmental benefits. In fact, the conflict has increased carbon dioxide emissions in developing and advanced economies alike.
COP30 delivered gains on climate finance and forests but stalled on fossil fuel phaseout – exposing both the limits of consensus talks and the growing role of action outside negotiations.
Much of the international community has been under the illusion that climate action and development are different pursuits. But to make progress on both agendas, the delegates at this year’s United Nations Climate Change Conference must recognise that they are one and the same, and begin building an integrated financing system.
The United Nations must clearly define the responsibility of the world's most powerful businesses to help tackle global challenges.
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