"The news governments and businesses have been waiting for": US-China announcement boosts chance of global climate deal

Reading time: 3 minutes
12 November 2014

LONDON: The Climate Group welcomes the US-China joint announcement on climate change made today in Beijing by President Obama and President Xi Jinping. The Climate Group sees the announcement as a potential game-changer that could boost the chances of a global climate deal in Paris next year. It also sends a clear signal that the two biggest emitters are ready for the transition to a low carbon future.

Mark Kenber, CEO of The Climate Group, said:

“Barack Obama and Xi Jinping deserve recognition for their climate leadership. Not only are the two biggest polluters taking new and unprecedented commitments to reduce greenhouse gas emissions, but they're announcing them together. It shows that both countries recognize their individual responsibilities and the importance of their joint leadership on climate.

“This is the news that many governments and businesses have been waiting for. It will help create the confidence for other national governments to follow suit and implement the measures needed to avert runaway climate change. It will give business the direction and certainty it needs to scale up clean energy and energy efficiency, and send the right price signals to drive investment in low carbon technologies.

“With the EU announcement two weeks ago, three of the five largest emitters have now made emission reduction commitments and I hope it’ll inspire other major emitters.”


Changhua Wu, Greater China Director of The Climate Group, said:

“Today’s announcement that China’s emissions would peak by 2030 at the latest is an unprecedented recognition of China’s responsibilities on the world stage when it comes to climate change. It’s the first time that China – or any emerging economy – has committed to an emissions target.

“The US-China joint approach could help bridge the ‘developed versus developing’ countries divide that has long weakened the international climate negotiation process. This could be a game-changer that significantly boosts the chances of reaching a global climate deal in Paris next year.

“China was known to be the biggest carbon emitter. Today could mark the beginning of a genuine transition for China to a low carbon development and deep emissions reductions, proving to the rest of the world that investing in clean energy need not stem economic development.”


Evan Juska, Head of US Policy at The Climate Group, said:

“Barack Obama’s commitment to reduce emissions by 26-28% by 2025, compared to 2005 levels, although greater reductions will ultimately be needed, shows that the US hasn’t given up on its ambition to be a global climate leader. The new target, which means that the US will double the pace of its emission reductions, sends a strong signal to the markets that the US is ready for the transition to a low carbon future.”


Media contact

Sylvain Biville
International Head of Media, The Climate Group
T: +44 7792 656 093 - media@theclimategroup.org

 

About The Climate Group

The Climate Group is an award-winning, international non-profit. Our goal is a prosperous, low carbon future. We believe this will be achieved through a ‘clean revolution’: the rapid scale-up of low carbon energy and technology. We work with corporate and government partners to develop climate finance mechanisms, business models which promote innovation, and supportive policy frameworks. We convene leaders, share hard evidence of successful low carbon growth, and pilot practical solutions which can be replicated worldwide.

Since 2009, The Climate Group has been the convenor of Climate Week NYC, an annual international platform for governments, businesses and civil society to collaborate on bold climate action and low carbon leadership. In September 2014, Climate Week NYC hosted 150 events as the collaborative space in support of the UN Climate Summit.

The Climate Group has offices in Greater China, North America, India and Europe. 2014 is The Climate Group’s 10th anniversary.

 

Follow us for more updates on the US-China climate announcenments on Twitter @climategroup

 

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