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MLex Market Insight

China rises from ashes of US climate-policy uncertainty

MLex Market Insight

MLex Market Insight

News

4.99 Ratings

🗓️ 8 February 2017

⏱️ 7 minutes

🧾️ Download transcript

Summary

Listen to MLex Senior Energy Correspondent Laurel Henning talk with MLex Brussels Senior Managing Editor James Panichi about this analysis and related new developments in a new edition of the MLex podcast. To listen, just click on the image above. You can read Laurel's comment on our website at http://bit.ly/2kMH3Dm .

Transcript

Click on a timestamp to play from that location

0:00.0

Hello, my name's James Panicki. I'm the Brussels managing editor at Emlex. Welcome to another one of our

0:05.1

special podcasts. I'm sounding a bit congested today, but luckily the person who will be doing most of the

0:10.8

talking senior energy correspondent Laurel Henning is sounding crystal clear. Hello, Laurel.

0:15.8

Hi, James. Now, the great thing about your beat is that although you're obviously covering the

0:20.3

daily grind of energy and environmental policy, the regular announcements, the great thing about your beat is that although you're obviously covering the daily grind of energy and environmental policy,

0:23.4

the regular announcements, the facts and figures affecting the industry across the EU,

0:27.9

the supply of energy is important enough to take in geopolitical consideration.

0:33.1

So it's very much a big picture kind of a beat.

0:36.0

Now, the last time we talked was about the uncertainty

0:38.7

over the US's approach to reducing greenhouse gas emissions as a result of the election of Donald

0:44.4

Trump to the presidency. Today, we're turning our gaze eastward. And in your feature article,

0:50.4

which is associated with this podcast, you suggested that the vacuum in leadership over

0:55.8

carbon emissions reductions brought about by Trump's election has in fact placed China at

1:02.1

centre stage. But why is that? Why exactly would a new US stance on climate policy or the

1:08.2

US stepping back from climate policy give China more influence on this

1:12.4

issue. Thanks, James. So when this international climate accord that we've alluded to in our last

1:19.7

podcast and the last feature we spoke about on this issue and this feature as well, so that's the

1:24.7

Paris climate agreement that was reached at the end of 2015 by 195

1:31.2

governments as well as the EU to cut carbon emissions. When that was agreed, the real sort of

1:36.9

clinching of the deal in terms of credibility hung in the balance of the fact that both the US and

1:43.2

China agreed to that deal, the world's two largest emitters.

1:48.0

And now, with the US being less certain on how that commitment will look over the next four years,

...

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