news
Summary
- The Paris Agreement, signed in 2015, is at risk from countries reneging on commitments due to financial priorities.
- New Zealand’s new government is reversing green policies, such as delaying pricing agricultural emissions and encouraging more mining.
- There are concerns that a Trump win in the US could result in a repeat of the 2020 exit from the Paris Agreement.
- Australia’s Coalition party hinted at potentially watering down emissions reduction targets if elected in 2025.
Governments around the world are working to balance climate commitments with fiscal considerations, and, while some progress has been made, the financial realities of fulfilling green commitments have prompted a spate of backpedalling.
New Zealand has already reneged on several green pledges, whilst the UK has delayed some commitments in favour of financial priorities.
Meanwhile, in the US, there are concerns that a Trump win in November could result in a repeat of the 2020 exit from the Paris Agreement. Concerns around the international agreement have also made headline news in Australia, where the Coalition party has hinted that it would pull back from climate commitments were it to form a government following the 2025 election.
Read the full post at Energy Monitor.
