The COP29 climate conference in Baku focuses on setting a new climate finance goal for developing countries, with discussions on increasing annual funding from $100 billion to potentially $1 trillion. The looming presence of Donald Trump's election raises concerns about the U.S.'s commitment to international climate agreements, as his previous administration withdrew from the Paris Agreement. The outcome of these negotiations could significantly influence global climate action in the coming years.
The election of Donald Trump for a second term signals a significant shift in U.S. climate policy, reversing the progress made under Joe Biden, who prioritized international agreements and substantial climate investments. Trump’s administration is expected to challenge key initiatives like the Inflation Reduction Act, potentially increasing carbon emissions by 4 billion metric tons by 2030, undermining efforts to limit global warming. As the U.S. faces a critical moment in climate action, the implications of this political change will be closely monitored.
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