The president of USA, Joe Bidendescribed as “historic” the financial agreement reached in the COP29 of Bakuwhere rich countries committed to allocate $300 billion annually to developing nations to combat climate change.
“Today at COP29“Thanks in part to the tireless efforts of a strong American delegation, the world reached a historic agreement,” he said. Biden in a statement issued after the conclusion of the summit.
The pact, reached after two weeks of intense negotiations between nearly 200 countries, replaces the previous climate financing goal of $100 billion annually.
This advance will allow the most vulnerable nations to accelerate the transition towards sustainable and clean economieswhile creating business opportunities for American-made products such as electric vehicles and batteries.
The summit of Baku focused on mobilizing financial resources to address the climate crisis. The new financial commitments reflect recognition of the urgency of the situation and the need for developed countries to assume greater responsibilities in the global fight against climate change.
The US president took advantage of the moment to highlight the progress made during his administration, emphasizing that under his leadership USA rejoined the Paris Agreement after the withdrawal of the country during the previous government.
“In the years ahead, we are confident that the United States will continue this work: through our states and cities, our businesses and our citizens”he pointed out Bidenemphasizing the crucial role of local and state initiatives in the clean energy transition.
However, the summit of the COP29 was overshadowed by the recent electoral victory of Donald Trump in USAwho has repeatedly denied the existence of the climate crisis.
During his campaign, Trump promised to eliminate subsidies for electric vehicles and increase the exploitation of oil and natural gas. “Drill, drill, drill!” was one of the most repeated slogans at his rallies.
In his previous government, Trump eliminated environmental regulations and withdrew USA of the Paris Agreementdecisions that temporarily reversed the country’s climate leadership.
Although Biden He did not directly mention his predecessor, he made his position clear: “Some may try to deny or delay the clean energy revolution underway in the United States and around the world”but “no one can reverse it, no one”.
The agreement reached in Baku highlights the growing gap between the administration’s current climate policies Biden and those promised by Trump for his second term.
(With information from AFP and EFE)
