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    Home»World Economy

    Argentina stokes concerns it could quit Paris climate accord

    Team_NewsStudyBy Team_NewsStudyNovember 14, 2024 World Economy No Comments4 Mins Read
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    Argentina stated on Thursday it could “re-evaluate” its position in international local weather talks after strolling out of the COP29 summit, fuelling considerations that the South American nation may change into the primary to observe Donald Trump’s threatened exit from the landmark Paris settlement.

    Trump’s marketing campaign stated he would withdraw the US from the Paris local weather accord on his return to the White Home, as he did throughout his first time period, leaving ministers and negotiators at COP29 in Azerbaijan to worry that different populist leaders may observe swimsuit. 

    Argentina’s libertarian President Javier Milei withdrew the delegation of negotiators his nation had despatched to the UN local weather summit in Baku on Wednesday, a day after talking to Trump by telephone. 

    Milei demoted Argentina’s setting portfolio to a junior departmental stage after taking workplace final yr as a part of a sweeping austerity package deal and sharp ideological realignment of his nation’s environmental and international coverage. He has stated human-caused local weather change is “a socialist lie”.

    Milei’s spokesperson informed a press briefing on Thursday: “The [withdrawal of the COP29 delegation] will permit the brand new international minister to re-evaluate the state of affairs, mirror on our place. It’s a part of the measures that the international minister is beginning to soak up his new position.”

    Ana Lamas, Argentina’s under-secretary for the setting, declined to remark additional on whether or not the nation was contemplating an exit from the Paris settlement. “The delegation is coming again to Argentina, for now there isn’t a extra data,” she informed the Monetary Occasions. 

    Milei fired international minister Diana Mondino final month after Argentina sided with Cuba at a UN vote condemning the US’s financial sanctions on the Caribbean nation.

    He and his new international minister Gerardo Werthein, a rich businessman who was till lately Buenos Aires’ ambassador to the US, are this weekend as a consequence of attend the Conservative Political Motion Convention in Orlando, Florida, the place they intention to satisfy Trump.

    The US is the one nation to have left the Paris settlement. Virtually 200 international locations signed the blueprint to restrict the worldwide common temperature rise. Former Brazilian president Jair Bolsonaro threatened to withdraw, however didn’t observe by means of.

    Most of the international locations on the UN assembly have rushed to current a united entrance, arguing that even when the US stop the Paris settlement, the worldwide context was very completely different from the primary Trump time period. International locations and industries had begun to make the shift to inexperienced vitality as they took into consideration the additional penalties of local weather change, they maintained.

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    “The well being of the Paris Settlement is sort of good,” stated Jennifer Morgan, Germany’s local weather envoy, in Baku. “You may have right here a multilateral discussion board the place international locations work collectively to seek out options, regardless of geopolitical tensions, regardless of elections.

    “Now we have been by means of elections previously and have continued to maneuver ahead,” she stated. The “prices and devastation” of local weather change had been prompting international locations to behave.

    One other lead negotiator stated: “The world has moved on. The financial case is robust for the transition — there are such a lot of renewables everywhere in the world.”

    Argentina had been accountable for the so-called Sur negotiating bloc of nations on the two-week local weather summit, and has been changed by Brazil.

    The Argentine delegation had submitted a press release to the COP29 opening assembly on Tuesday, declaring the nation’s opposition to “the imposition of rules and bans promoted by the very international locations that developed by doing the identical issues they’re questioning at present”. 

    A central goal of the Baku summit is to set a brand new finance objective to assist poorer international locations shift to inexperienced vitality and adapt to local weather change, however the talks have been overshadowed by controversies throughout its opening days in addition to the absence of greater than half of the world’s leaders.

    France additionally determined to not ship a senior political official to the summit this week, after the host nation’s President Ilham Aliyev used a speech on the occasion to accuse the “regime of President [Emmanuel] Macron” of “brutally” killing residents throughout latest protests in New Caledonia.

    Local weather Capital

    The place local weather change meets enterprise, markets and politics. Explore the FT’s coverage here.

    Are you interested by the FT’s environmental sustainability commitments? Find out more about our science-based targets here



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