Already, policymakers have clashed over whether to emphasize the need to phase out all fossil fuels, not just coal, and whether to endorse the more ambitious goal of the 2015 Paris climate accord.
Every country would benefit by cooperating, but they’re tempted to cheat by sticking to fossil fuels and continuing to invest in carbon-emitting industries, leaving everyone worse off.
Donald Trump called climate change "a Chinese hoax" and said global emissions goals would be "very hard on our business." But when the former president pulled the U.S. out of the Paris accord in 2017, there was no celebrating in the C-suite.
A week after getting an invitation from the United States to attend a global leaders' climate summit, Beijing said it was still considering whether to take part, highlighting the challenges it faces in dealing with Washington.
"Border carbon adjustments" could push more countries to address climate change, or spark trade wars. They're a top diplomacy issue for the us as it reengages in the Paris Accord.
