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Trump return complicates climate talks: Cop 30 head

  • Market: Electricity, Emissions
  • 29/04/25

This year's UN Cop 30 climate talks will proceed with a key goal of scaling up climate finance, but US president Donald Trump's disruptive return to the White House has made efforts to reduce emissions more challenging, according to the Brazilian official leading the summit.

Continuing the fight to reduce greenhouse gas (GHG) emissions "is going to be a slightly uphill battle, but I think it's the right one," Brazil climate secretary and Cop 30 president André Corrêa Do Lago said Tuesday at the BNEF Summit in New York City.

"The international context could help a little more", Corrêa Do Lago said, drawing laughter from the audience.

Trump moved quickly after beginning his second term to withdraw the US from the Paris Agreement, an exit that will formally take effect in January 2026. He has started to impede US development of renewable energy projects he sees as boondoggles, but he is facing challenges to his attempts to halt government funding and tax credits for the sector.

It is unclear if the US will send a delegation to the Cop 30 summit this year, which is scheduled to take place in Belem, Brazil, in November. Corrêa Do Lago said that invitations have not yet been sent to prospective participants. He also made a distinction between the US government and others in the US, including state and businesses leaders, that have pledged to continue supporting GHG emissions reductions even as the Trump administration moves to boost oil and gas.

Publicly, countries have not changed their tune on climate in response to the US policy shifts. But Corrêa Do Lago said that privately there are "some that say, ‘God, how am I going to convince my people that I have to try to lower emissions if the richest country in the world is not doing the same?'"

Corrêa Do Lago said that this year's summit needs to focus less on technical negotiations over documents that might never be implemented as a result, and more about making an economic appeal for decarbonization and hosting more of a "Cop of solutions, a Cop of action". He reiterated the Brazilian government's goal of increasing climate financing for developing countries from the target set at Cop 29 of $300bn/yr by 2035 to the far higher target of $1.3 trillion/yr.


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22/05/25

Brazil senate passes environmental licensing bill

Brazil senate passes environmental licensing bill

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US could undermine global climate co-operation: Podesta


22/05/25
News
22/05/25

US could undermine global climate co-operation: Podesta

London, 22 May (Argus) — The global climate community will have to pay close attention to the fact that the administration of US president Donald Trump "may do whatever they can to undermine global co-operation in the energy transition" in forums such as the G7 and the UN Cop 30 climate summit, former US government climate advisor John Podesta told the Financial Times Climate and Impact Summit Europe today. "I hope people will resist them," he said, after pointing out that during Trump's first term, the US administration was "essentially… passive" on the climate on a global stage. Podesta said that through Trump's attacks on former president Joe Biden's clean energy-supporting Inflation Reduction Act , the US has "handed a victory particularly to China". The act had become an energy transition model around the world, Podesta said, pointing to the EU's Green Industrial Deal. "The way to decarbonise and deal with climate change is through investment, innovation and technology… and what we have done is thrown in the towel and thrown in the hand", he said. "There was I think, bi-partisan consensus in the US and consensus in Europe that we need to react to [China's domination in the green industry sector]," he added, saying that there is an economic security dimension with leaving China in a dominant position. Clean energy deployment in the US is likely to stay robust in the short term, he said. Some Republican state governors have raised objections to the administration's rollback of clean energy support, but business investing in that area is keeping its collective head down, Podesta said, largely because "the administration has been engaged in a process of intimidation". Podesta said that there remains significant sub-national action in the US, but warned that the Trump administration is trying to undermine that too. The administration has moved to "attack the underlying science" and the "human capital" in institutions such as US climate and weather agency the National Oceanic and Atmospheric Administration, Podesta said. "If you eliminate all the information sources maybe the problem goes away", he added. The government has already pulled the US out of the Paris climate agreement and could withdraw from the UN Framework Convention on Climate Change (UNFCCC) — the UN's climate body. But there are legal issues around this, including whether the government may need a "supermajority" in the Senate, Podesta said. "The law has not been a constraint on this government," Podesta added. By Georgia Gratton, Caroline Varin & Victoria Hatherick Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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European Parliament adopts carbon border changes


22/05/25
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22/05/25

European Parliament adopts carbon border changes

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Iraq signs integrated energy deal with China’s Geo-Jade


22/05/25
News
22/05/25

Iraq signs integrated energy deal with China’s Geo-Jade

Dubai, 22 May (Argus) — Iraq's oil ministry has signed an agreement with China's Geo-Jade Petroleum and local firm Basra Crescent to expand the capacity of the 20,000 b/d Tuba oil field and develop a suite of downstream and power assets, in a move that mirrors recent integrated energy deals with international partners. A key component of the South Basrah Integrated Energy Project will be to raise Tuba's production capacity to 100,000 b/d, oil minister Hayan Abdulghani said at the signing ceremony in Baghdad on 21 May. The project will also include processing of up to 50mn ft³/d of associated gas. Downstream components include a 200,000 b/d refinery, a 620,000 t/yr petrochemical plant and a 520,000 t/yr fertilizer facility. A 650MW thermal power plant and a 400MW solar plant will also be part of the project, Abdulghani said. No financial details or project timelines were disclosed. The agreement marks a further step in Geo-Jade's expansion in Iraq, following its successful participation in the country's fifth and sixth licensing rounds. While the company now holds multiple upstream assets in Iraq, it has yet to bring any into production. The deal follows a similar multi-billion dollar agreement signed with TotalEnergies in 2023 , which bundled gas processing, water treatment and solar power with development of the Ratawi field. In February this year, BP signed a major upstream deal with Iraq that also includes power, water and potentially exploration. By Bachar Halabi Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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Nations eye new climate ties including China without US


21/05/25
News
21/05/25

Nations eye new climate ties including China without US

London, 21 May (Argus) — The world's politicians are still working out how to deal with US president Donald Trump, but climate leaders will forge new, diversified relationships, with China likely to play a growing part, delegates heard today at the Financial Times Climate and Impact Summit Europe . Trump's move to rapidly roll back US climate and environment-related regulation was a shock, but in Latin America, "underneath, so far, things have not really yet shifted", Colombia's former environment minister Susana Muhamad said today. Latin American countries are likely to further diversify relationships, she added, noting co-operation agreements signed in Beijing between Colombia and China. Colombia joined China's belt and road initiative earlier this month. "The world is still grasping what Trump is doing", and countries are still forming new relationships, EU member of parliament and vice-chair of the parliament's environment committee Bas Eickhout said today. And the UN Cop 30 climate summit — set for November in Belem, Brazil — is happening early in the day in terms of those new relationships being formed in the climate space, he added. China will be in "the driver's seat in some way… or at least a co-pilot", founding director at Chinese NGO the Institute of Public & Environmental Affairs Ma Jun said. The world's biggest economies "need to play a role in the governance", he added. China and Europe have experienced many of the same pressures on climate policy, delegates heard. Although the "backlash" against some "green" policies started around two years ago, those pushing against such policy have been emboldened by Trump's election, Eickhout said. "Energy security has been elevated to the top priority in China", Ma said — although China has already reached some of its 2030 renewable energy targets. In Europe, "I think the entire decarbonisation agenda will continue", but it will be framed as a competitiveness and security agenda, Eickhout said. He also noted some softening from industry previously pushing back on "green" policy, given that Europe's relative predictability has been thrown sharply into focus by drastic changes set out by the US government. Muhamad pointed to the global need for a just energy transition. "If the transition does not bring higher equality, the transition will not happen", she said. Given that finance is crucial, "the influence of the US in the multilateral banks' decisions… will be critical", she added. By Georgia Gratton and Victoria Hatherick Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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