This report from UK think tank Chatham House looks at an ever-changing relationship on on climate and energy.
China, the EU and the US are responsible for around 40 per cent of global greenhouse gas emissions and consume nearly half of the world’s energy. Therefore, decisions made in Beijing, Washington and Brussels have significant implications for the world’s climate and energy security. International cooperation on climate change has lost momentum in recent years, however, 2021 could mark a shift in the global approach to the climate crisis and boost cooperative climate diplomacy. Countries are due to submit revised pledges to the UN Framework Convention on Climate Change (UNFCCC) and will negotiate at the 26th session of the Conference of the Parties (COP26), in an attempt to put global mitigation plans back on track to meet the objectives of the Paris Agreement. While US climate policy has been unpredictable at times, the EU has been consistently ambitious and China has powered the shift to low-cost renewables. Critically, real-world action needs cooperation, competition and consistency.Read Full Report