“The irony is rich: emissions trading is an American idea; now it's become an American export,” said David Sandalow, a fellow at Columbia University’s Center on Global Energy Policy and former under secretary of energy for policy and international affairs.
Other parts of the Chinese package reveal a similar change - in tone, at least.
China's financial pledge is a “watershed moment” for climate diplomacy, environmental groups say, because it shows a willingness to share the billions of dollars believed required to help poor countries shift to low-carbon economies and deal with the effects of a hotter planet. China has long seen itself as a developing nation that is expected to be on the receiving end of any international largess.
Jake Schmidt, international policy director of the Natural Resources Defense Council, said this change in attitude removes a common complaint about China from Congressional opponents.
“China is not going to be the recipient of U.S. climate financing, which is how some of our friends on the Hill are painting it,” said Schmidt. “This is a better narrative.”
In fact, Obama is the more likely leader who will be forced to show up in Paris without money. The first $500 million of the president's $3 billion pledge is held up in thorny budget negotiations on Capitol Hill, where some Republican lawmakers have vowed to block any international climate funding.
Read more at China Climate Announcements Turn Tables on Congress Foes
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