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China and Germany strongly support climate cooperation

Thursday, January 19, 2017

Subject

Climate change cooporation.

Significance

On January 17 at the World Economic Forum meeting in Davos, the president of China, Xi Jinping, urged all signatories to "stick to" the Paris Agreement on Climate Change. The remarks came as President-elect Donald Trump's incoming cabinet readies measures to boost the oil, gas and coal industries in the United States while cutting aid budgets that would contribute to climate change adaptation.

Impacts

  • If US support for climate adaptation weakens, Germany and China may try to use events such as the next G20 Summit to counterbalance this.
  • The share of world GDP subject to carbon pricing may rise from 13% to 25% this year if China implements a national carbon trading scheme.
  • The United States may ally itself with Saudi Arabia, the Philippines and other slow climate change adopters in climate talks.
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