U.S. Climate Summit Turmoil

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climate talks

Politico

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What the ‘show me the money’ climate summit tells us about the new Trump era

Summary

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78% Informative

The first climate summit since Donald Trump ’s second White House victory underscored the volatile side of that legacy.

As the U.S. prepares to recede from global leadership, much of the rest of the world is looking to China to fill the void.

The World Meteorological Organization said that this year would eclipse 1.5 degrees Celsius of warming since the pre-industrial age for the first time.

Some rich countries pushing for $200 billion in climate financing each year for the next decade .

But studies indicate the real need is more than $1 trillion a year .

Developed nations call for at least $300 billion in annual finance, which representatives of developing countries called insufficient.

China has criticized policies such as the U.S. Inflation Reduction Act and and the EU ’s carbon border tariff, arguing they make greening their economies more expensive.

China has the world's second -largest economy.

It has a 1992 U.N. determination that it is poor enough to avoid paying into those efforts.

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semi-formal

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English

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not offensive