Biden's Plan on the International Stage
by Stacy Huynh
In his first 100 days in office Biden will:
- Convene a climate world summit to directly engage the leaders of the major carbon-emitting nations of the world to persuade them to join the United States in making more ambitious national pledges, above and beyond the commitments they have already made.
- Lead the world to lock in enforceable international agreements to reduce emissions in global shipping and aviation.
- Embrace the Kigali Amendment to the Montreal Protocol, adding momentum to curbing hydrofluorocarbons, an especially potent greenhouse gas, which could deliver a 0.5 degree Celsius reduction in global warming by mid-century.
- Stop China from subsidizing coal exports and outsourcing carbon pollution by rallying a united front of nations to hold China accountable to high environmental standards in its Belt and Road Initiative infrastructure projects, so that China can’t outsource pollution to other countries.
- Make future bilateral U.S.-China agreements on carbon mitigation – like the 2014 agreement that paved the way for the Paris accord – contingent on China eliminating unjustified export subsidies for coal and other high-emissions technologies and making verifiable progress in reducing the carbon footprint of projects connected to the Belt and Road Initiative.
- Seek a G20 commitment to end all export finance subsidies of high-carbon projects, building on past commitments from the G7 and multilateral export finance institutions to eliminate financing for coal in all but the poorest countries.
- With our partners, offer Belt and Road Initiative countries alternative sources of development financing for lower-carbon energy investments.
- Reform the International Monetary Fund and regional development bank standards on debt repayment priorities for development projects. The U.S. will lead like-minded nations to establish rules that take unsustainable climate and debt costs – such as those imposed by self-interested Chinese projects – into account in prioritizing who gets paid under international debt forbearance. Projects with high carbon impact and high debt costs will go to the end of the line, making them higher risk and more costly.