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The trend of "greenhushing" is emerging among US companies, leading them to downplay their climate initiatives, which may discourage smaller firms in Asia from pursuing climate change efforts. Meanwhile, significant investments in climate tech are being made in Asia, with China taking a lead in renewable energy advancements. As the US retreats from climate discussions, Asian markets are increasingly embracing green investments, signaling a shift in the region's approach to sustainability.
At COP29 in Azerbaijan, Saudi Arabia successfully pushed to exclude specific references to fossil fuels from climate agreements, reversing earlier commitments made at COP28. The Saudis negotiated a climate finance deal of $300 billion annually for developing countries by 2035, but did not recommit to reducing fossil fuel reliance, raising concerns about future negotiations as the U.S. faces potential shifts in leadership.
Liu Zhenmin
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
China steps up climate leadership as US retreats from global talks
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audi arabia undermines climate progress at cop29 negotiations in azerbaijan
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17:56 25.11.2024
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