Will China lead on global climate finance within a shifting world order?

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The story "Will China lead on global climate finance within a shifting world order?" was covered 19 hours ago by Eco-Business, a news publisher based in Singapore.

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Eco-Business 19h ago

Will China lead on global climate finance within a shifting world order? - Eco-Business

Quick Summary:

Understanding China’s motivations for its climate finance actions at COP29 last year could unlock opportunities for greater ambition.

Going into COP29 in Baku, Chinese officials were well aware of international expectations for China to contribute to climate finance as part of a new UN target, known as the New Collective Quantified Goal (NCQG), which was to be negotiated at the conference.

In addition to the expected US withdrawal from the Paris Agreement, Trump has revoked all US climate finance, gutted USAID, and pushed back against climate lending by multilateral institutions, while prompting other countries to shift funds away from aid and toward defence.