S&P 500 slips as Fed meeting kicks off
Investing.com -- The European Union is not signing a joint climate action pledge with China at an upcoming summit celebrating 50 years of diplomatic relations, according to statements from EU Climate Commissioner Wopke Hoekstra published Monday.
Brussels has declined multiple requests from Beijing for a mutual climate commitment following the summit between the world’s second and third-largest economies.
EU officials indicated they would only agree to such a declaration if China commits to stronger greenhouse gas emission reduction measures.
"There is only merit in having a declaration from our perspective if there are also content nuts to be cracked and ambition to be displayed," Hoekstra told the Financial Times.
The climate pledge disagreement comes as the two economic powers prepare to mark a half-century of diplomatic ties at the summit this month.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.