The measures are designed to increase the cost of Chinese goods needed for the energy transition – and could therefore slow the US shift away from fossil fuels
The money is part of a $3 billion environmental justice pot finally authorised by Congress after a long battle against Republicans and conservative Democrats
Democrats called it the “single biggest climate investment in US history so far” and claimed it would do 80% of the work of meeting the US’s 2030 climate target
Without more money coming in, the Green Climate Fund’s head warned that the pipeline of carbon-cutting projects in developing countries would have to be cut
Joe Biden has pledged to work to end public funding of ‘carbon-intensive’ fossil fuel projects – a wording campaigners fear leaves the door open to methane gas
Campaigners had hoped President Xi would surprise the world again this week with tough measures to reverse biodiversity loss. They were left disappointed