China Climate Aid to Poor Nations Seen as Spurring Big Economies
- Efforts overseas may help China extend political influence
- China plans national trading system to curtail emissions
Obama: We're Building on Climate Commitments With China
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China, the world’s biggest greenhouse gas emitter, is on the brink of making a significant financial pledge to help poorer countries shift away from fossil fuels. That should put pressure on major economies to follow.
“China is saying ‘we’re prepared to do our bit, and we’re serious in funding climate initiatives in other countries,”’ Grant Anderson, head of the climate change group at law firm Allens, said by phone Friday from Melbourne. “The gauntlet then is thrown down to other countries who are laggards.”