Commentary on Political Economy

Tuesday 20 July 2021

China must cut emissions to avoid climate ‘chaos’, 

warns US envoy Kerry America’s climate tsar says Biden administration will ‘consult’ on a potential carbon border tax US special envoy for climate John Kerry at the Kew Gardens in London on Tuesday © AFP via Getty Images Share on Twitter (opens new window) Share on Facebook (opens new window) Share on LinkedIn (opens new window) Save Leslie Hook in London 11 HOURS AGO 156 Print this page China must cut emissions sooner if the planet is to avoid climate “chaos”, US climate envoy John Kerry has warned, telling the Financial Times that he was keen to speak to Beijing about a possible carbon border tax. Limiting global warming to 1.5C will be a “pipe dream” if China waited as late as 2030 for the peak of its emissions, he said in an interview after a major policy speech in London on Tuesday. “We’ve got to deal with reality here, that is the baseline truth we’re talking about,” he said. Kerry, who has criss-crossed the world to promote President Joe Biden’s climate agenda, in his speech singled out China and said it would be “impossible” to limit warming to 1.5C unless the planet’s biggest emitter changed its targets. The 1.5C target is enshrined in the 2015 Paris climate accord. Co-operation between the US and China on climate was “the only way to break free from the world’s current mutual suicide pact”, he told his audience at the city’s Kew Gardens. Kerry will call on countries to cut emissions further at the G20 environment ministers meeting held in Naples, Italy on Thursday. With US-China relations at a low, co-operation on climate issues is one of the few areas where the two broadly align, making Kerry’s pointed remarks unusual. The carbon border tax, a policy that is gaining traction among Senate Democrats in Washington, is an issue that could divide the US and China. After the EU published its proposal for a carbon border adjustment mechanism last week — which would impose a levy on imports of steel, cement and fertiliser from countries without carbon pricing — the US is considering whether to follow suit. “We’ve talked with France, Netherlands and the EU very closely,” Kerry said, referring to the carbon border adjustment mechanism. “We’ve agreed to consult — we’ve not said we’re supportive of definitely putting one into place,” he added. “That’s something I really want to talk to China and other countries about.” Addressing an audience gathered in a sweltering conservatory during a London heatwave, Kerry joked: “Although we came here to talk about the greenhouse effect, we did not mean to put you in a greenhouse.” China, which accounts for 28 per cent of annual global emissions, has pledged to peak emissions before 2030, without specifying when they might start to decline, or by how much. The US is the world’s biggest cumulative emitter. However, if Beijing does not peak emissions until 2030, Kerry said, then the rest of the world would have to reach zero emission by 2040, a decade earlier than planned. China’s building of coal power plants was “troubling”, he added. The former US secretary of state also called for a “wartime mobilisation” of resources to fight the climate crisis, saying it was “a massive opportunity to rebuild our economies in the aftermath of a historic pandemic”. Recommended Climate change Joe Biden’s unconventional climate gambit may be what the US needs The US pulled out of the Paris climate accord under president Donald Trump but rejoined earlier this year after Biden took office. Ahead of the COP26 climate talks in Glasgow in November, the US has come under pressure to increase its contributions to climate finance, to help developing countries deal with the impact of climate change. Kerry said the US should do more on climate finance, hinting that more funds would be forthcoming soon. “I’ve talked to President Biden, he’s completely on board,” he said. “He’s trying to figure out how.” Kerry added: “We’re still the richest country in the world and we can’t be doing less than a totally fundamental, basic level of acceptance and responsibility.” The Biden administration has struggled to get its climate policies through US Congress, leaving it unclear how America will be able to meet its target of cutting emissions by at least 50 per cent by 2030.

No comments:

Post a Comment