Published: Sun, June 04, 2017
Worldwide | By Sean Reid

China vows to adhere to Paris climate deal

China vows to adhere to Paris climate deal

But concerns remain. A planned nine-page joint statement on climate change and clean energy was never released, owing to differences on trade policy, according to European Union sources.

The leaders reaffirmed their commitment to the full implementation of the Paris deal in a joint statement and committed to cutting fossil fuels, developing green technology, and to helping cut the emissions in poorer countries with a fund of $100 billion a year by 2020.

It is "both a leader and a laggard" in addressing climate change, said Sarah Ladislaw, an energy expert at the Center for Strategic and International Studies. The document will stress the dangers posed by rising temperatures "as a national security issue and multiplying factor of social and political fragility", while acknowledging that the transition to clean energy creates jobs and economic growth.

Trump's announcement on Thursday that he would take the United States out of the Paris accord, saying the agreement would undermine the us economy and cost jobs, drew anger and condemnation from world leaders and heads of industry.European Climate Commissioner Miguel Arias Canete told reporters in Brussels he deeply regretted the USA pullout from the pact to fight the dangers of global warming, which was signed by more than 190 countries, and said it could not be renegotiated as Trump has suggested [B5N1G8011]."The agreement is fit for goal".

Juncker went on to say that the Group of Seven leaders "tried to explain this in clear simple sentences to Mr. Trump" at a recent summit in Italy.

The European Union and many of China's other trading partners have debated whether to treat China now as a "market economy", which would make it more hard to impose anti-dumping duties.

If the USA decides to pull out, it will join Syria and Nicaragua as the only two countries not participating in the accord.

'There is no reverse gear to the energy transition, there is no backsliding on the Paris agreement, ' Juncker said before the inauguration of a summit on trade and climate between the European Union and China in the Belgian capital. Alternatively, the European Union "should enhance cooperation" in the field, and strengthen its alliances with other global powers, including Russia, China, and India, he said.

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But European officials insisted that the deal would remain on track.

"Climate change is not a fairy tale". "A big economic powerhouse needs to be higher than mid-table", he said, adding that a planned EU-Chinese investment treaty needed to be completed to ensure reciprocal relations.

Speaking in Berlin on Thursday, Li underlined strong support for the 2015 Paris climate change accord from China, which overtook the United States as the world's biggest emitter of greenhouse gases in 2007.

He cited a World Bank survey, in which China ranked 78th place out of 183 countries in terms of ease of doing business.

The EU executive's chief also urged China to address its overcapacity in production, especially in the steel sector, which hurts EU companies.

The Chinese premier responded by saying that China is making progress, and the level of investment would have been unimaginable three decades ago. "We need to uphold multilateral rules", the premier said.

"Wherever we live, whoever we are, we all share the same responsibility: make our planet great again", Macron added.

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