Finance Fusion Network
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Finance Fusion Network
No Result
View All Result

EU warns of ‘serious blow’ from Trump on climate change

by
January 8, 2025
in Economy
0
EU warns of ‘serious blow’ from Trump on climate change

By Kate Abnett and Christian Levaux

BRUSSELS (Reuters) – Global efforts to address climate change will be dealt a severe blow if U.S. President-elect Donald Trump again pulls the country out of the Paris Agreement, the EU’s head of climate change policy has warned.

Trump’s transition team has prepared executive orders to withdraw the United States – currently the world’s second-biggest polluter, after China – from the main global treaty on climate change, according to sources in the team.

“If that were to happen, that would be a serious blow for international climate diplomacy,” EU climate commissioner Wopke Hoekstra told Reuters in an interview.

Another U.S. exit from the Paris Agreement would require other countries to “double down on climate diplomacy” in response, he said.

“There’s no alternative to make sure that, in the end, everyone chips in, because climate change is indiscriminate,” Hoekstra said of the U.N. climate talks. “This truly is a problem that the world needs to solve together.”

The Paris Agreement is the centrepiece of United Nations climate negotiations in which nearly 200 countries discuss steps to curb emissions and funding to pay for these efforts.

The U.S. has played a central role in the talks, including by working with China – the world’s biggest polluter and second-biggest economy – to lay the groundwork for recent global climate deals.

A turnaround is expected under Trump, who returns to the White House on Jan. 20. He has called climate change a hoax, and withdrew from the Paris Accord during his first term from 2017 to 2021. Last month he warned the EU it must buy more U.S. oil and gas or face tariffs.

Hoekstra said the EU will “constructively engage” with the new U.S. administration on issues including climate change. He said the Commission is reaching out to U.S. contacts across the political spectrum, including at the non-federal level.

“Making sure that our American friends, as much as is possible, are actually staying on board and are working on this together with us, is clearly something I will strive for,” he said.

But even as Brussels faces pressure to step up its climate leadership to fill a potential U.S. vacuum, the EU is set to miss a February deadline for all countries to send new national climate plans to the U.N. The outgoing Biden administration already published the U.S.’s contribution.

Hoekstra said the timings of the EU’s political cycle did not line up with the U.N. deadline but that Europe would have its 2035 climate plan ready by this year’s U.N. climate summit in November in Belem, Brazil.

“The important thing here is to make sure we have an ambitious number before we walk into Belem,” he said. “I can promise you that we will have.”

This post appeared first on investing.com
Previous Post

Pluxee tops Q1 revenue expectations on client retention, new contracts

Next Post

Factbox-China’s economic stimulus measures since September

Next Post
Factbox-China’s economic stimulus measures since September

Factbox-China’s economic stimulus measures since September

  • Trending
  • Comments
  • Latest
Elon Musk connects with indie Andrew Yang on billionaire former Trump ally’s third party push

Elon Musk connects with indie Andrew Yang on billionaire former Trump ally’s third party push

July 8, 2025
Analysis-To weather Trump, emerging market investors look to the frontier

Analysis-To weather Trump, emerging market investors look to the frontier

January 27, 2025
DAVID MARCUS: Public broadcasting’s purpose has passed. It’s time to pull the plug

DAVID MARCUS: Public broadcasting’s purpose has passed. It’s time to pull the plug

February 7, 2025
Over 158 million Americans voted in 2024 as Trump reclaimed the White House

Over 158 million Americans voted in 2024 as Trump reclaimed the White House

July 7, 2025
Trump’s Colombia tariffs on hold after Bogota agrees to accept migrants- AP

Trump’s Colombia tariffs on hold after Bogota agrees to accept migrants- AP

0
Harris campaign officials explain what went wrong –  and what Trump did right: report

Harris campaign officials explain what went wrong – and what Trump did right: report

0
New Republican Governors Association chair says ‘focus’ is on helping Trump get ‘off to a strong start’

New Republican Governors Association chair says ‘focus’ is on helping Trump get ‘off to a strong start’

0
NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3%

NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3%

0
Trump’s Colombia tariffs on hold after Bogota agrees to accept migrants- AP

Trump’s Colombia tariffs on hold after Bogota agrees to accept migrants- AP

March 13, 2026
Analysis-To weather Trump, emerging market investors look to the frontier

Analysis-To weather Trump, emerging market investors look to the frontier

March 13, 2026
China central bank conducts 1.7 trln yuan of outright reverse repos in Jan

China central bank conducts 1.7 trln yuan of outright reverse repos in Jan

March 13, 2026
Fuji Media, rocked by sexual misconduct allegations, says executives to resign

Fuji Media, rocked by sexual misconduct allegations, says executives to resign

March 13, 2026

    Fill Out & Get More Relevant News

    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent News

    Trump’s Colombia tariffs on hold after Bogota agrees to accept migrants- AP

    Trump’s Colombia tariffs on hold after Bogota agrees to accept migrants- AP

    March 13, 2026
    Analysis-To weather Trump, emerging market investors look to the frontier

    Analysis-To weather Trump, emerging market investors look to the frontier

    March 13, 2026
    China central bank conducts 1.7 trln yuan of outright reverse repos in Jan

    China central bank conducts 1.7 trln yuan of outright reverse repos in Jan

    March 13, 2026
    Fuji Media, rocked by sexual misconduct allegations, says executives to resign

    Fuji Media, rocked by sexual misconduct allegations, says executives to resign

    March 13, 2026

    Top News

    Trump’s Colombia tariffs on hold after Bogota agrees to accept migrants- AP

    Trump’s Colombia tariffs on hold after Bogota agrees to accept migrants- AP

    March 13, 2026
    Analysis-To weather Trump, emerging market investors look to the frontier

    Analysis-To weather Trump, emerging market investors look to the frontier

    March 13, 2026

    Latest News

    • Trump’s Colombia tariffs on hold after Bogota agrees to accept migrants- AP
    • Analysis-To weather Trump, emerging market investors look to the frontier
    • China central bank conducts 1.7 trln yuan of outright reverse repos in Jan

    About Finance Fusion Network

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 Financefusionnetwork.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2024 Financefusionnetwork.com. All Rights Reserved.