“If the world is to “avoid the worst consequences of the climate crisis,” said Kerry, the challenge boils down to changing economic policy in a small group of large countries that he said were not doing enough to lower their greenhouse gas emissions.
He called them out by name: “China, Russia, India, Brazil, Mexico, Indonesia, South Africa and Saudi Arabia.””
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“France, Germany, the U.K., U.S. and the EU agreed — pending the outcomes of a task force — to shift an initial $8.5 billion to assist South Africa to retire its fleet of coal-fired power plants and retrain mine workers. South Africa in turn significantly raised its 2030 climate target ahead of the COP26 climate summit.
Kerry said the South Africa model was “a pretty damn good template.”
Timmermans told a POLITICO event on Wednesday that other countries “like Indonesia, and indeed, India” were interested in similar deals.
But South Africa’s position was unique. The financial woes of public power utility Eskom meant it had a “unique problem” for its partners to solve, said Kerry. “Every place is going to have its own set of challenges.””
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“China, on the other hand, is being approached altogether differently. The world’s second-largest economy and largest CO2-emitter is an equal and a rival — there will be no buying off Beijing. Kerry wants China to fund other countries’ renewable energy sectors, but he didn’t invite China to partner in any of the specific deals the U.S. and Europe are working on.
Relations between Beijing and Washington are tense. The Trump administration’s backtracking on the Paris Agreement has China questioning whether the U.S. will stick to its renewed climate commitments if a Republican wins the presidency in 2024.”
https://www.politico.eu/article/kerry-calls-for-paying-trillions-big-emitters-quit-polluting/