US and China Seek Collaboration on Climate Despite Trade Rift
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 10 2024
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Source: Bloomberg
- Climate Negotiations between US and China: Discussions focused on phasing down coal consumption, boosting renewable power deployment, addressing methane emissions, and subnational actions to combat global warming.
- Importance of US-China Collaboration: Emphasis on the crucial role of the US and China in leading climate action despite other areas of competition in their relationship.
- Trade Tensions and Climate Change: Talks occurred amid trade tensions, with concerns raised about Chinese excess capacity distorting the global economy and potential impacts on the fight against climate change.
- Focus Areas of Discussion: Overcapacity in steelmaking, expansion of coal-fired power plants in China, solar panels, batteries, and clean-energy product tariffs were key topics.
- Commitments and Agreements: Both countries committed to promoting bilateral cooperation, reducing methane emissions significantly, and aligning emissions-cutting pledges with 1.5C warming limit goals.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
