{
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emerging economies challenge developed nations on climate trade measures at COP29

Emerging economies, led by China, are pushing for a formal discussion on what they view as protectionist climate measures by developed nations at COP29, particularly criticizing the EU's carbon border adjustment mechanism (CBAM) and the US Inflation Reduction Act. They argue these unilateral trade measures disproportionately affect developing countries, increase global climate action costs, and undermine multilateral cooperation. The BASIC group’s agenda proposal may face resistance from the EU and the US, potentially delaying negotiations at the summit.
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11:51 06.11.2024
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