COP26: China optimistic on climate markets deal after ‘wasted’ years
- Hard work needed to catch up after the US under Donald Trump ‘gave up’ on 2015 Paris Agreement, says top Chinese climate negotiator Xie Zhenhua
- Despite US-China tensions, he says he expects a deal on a global carbon market that could yield huge investments in projects to combat climate change
China’s top climate negotiator said on Tuesday a broad deal on carbon markets was possible at the UN COP26 climate talks despite the tensions between Beijing and Washington.
“China-US joint efforts resulted in the Paris Agreement … It was hard-fought, you can’t just give up, but the US gave up,” Chinese climate negotiator Xie Zhenhua told reporters at the Glasgow talks. “Five years were wasted, but now we need to work harder and catch up.”
Xie said he expected countries to reach a deal in Glasgow to agree on the rules around carbon market that fall under Article 6 of the Paris Agreement.
Xie criticised rich nations for failing to make good on a pledge to mobilise US$100 billion by 2020 in annual climate financing for developing countries.
Last week, COP26 President Alok Sharma said the goal would be met by 2023, but Xie said some negotiators since have suggested it could happen by 2022.
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French President Emmanuel Macron emphasised the importance of China and the US patching up relations, which were strained under Trump by issues including trade disputes and China’s human rights record.
“The most important is the Sino-American dialogue on this subject and the Sino-American ability to build an alliance on this subject,” Macron told reporters late on Monday. “If there can be this Sino-American rapprochement, we can have results.”
But there are still signs that tensions between the two biggest emitters of climate-warming greenhouse gases could be a stumbling block at the talks.
Beijing has rejected Washington’s efforts to separate climate from wider conflicts between the two sides, with senior diplomat Wang Yi telling US climate envoy John Kerry in September that there was still a “desert” threatening the “oasis” of climate cooperation.
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“You can’t ask China to cut coal production on the one hand, while at the same time imposing sanctions on Chinese photovoltaic enterprises,” Wang said on Tuesday.
The Global Times, part of the Communist Party-run People’s Daily stable of newspapers, said in an editorial on Monday that the United States should not expect to be able to influence Beijing on climate, while attacking it on human rights and other issues.
Washington’s attitude towards China has made it “impossible for China to see any potential to have fair negotiation amid the tensions”, the paper said.
China says Xi didn’t get opportunity for COP26 video address
Chinese President Xi Jinping, who is not attending the UN meeting in person, delivered a written statement for Monday’s opening event, featuring speeches by government leaders. Xi offered no additional pledges, while urging other countries to keep their promises and to “strengthen mutual trust and cooperation”.
China said on Tuesday that Xi sent the statement after not being given the chance to make a video address to the delegates. A UK government spokesperson said Britain wanted people to attend COP26 in person, and that leaders could not join virtually but could offer recorded addresses or statements.
Some climate activists and negotiators have expressed concern that Xi’s physical absence might mean China would offer no more concessions during this round of climate talks.
Beijing has noted it made several major pledges in the past year, promising to reach an emissions peak by 2030 and net-zero emissions by 2060, among other ambitions.
