US and China agree to sign Climate Change agreement

The White House announced that the U.S. and China countries would sign the Paris Climate Agreement on April 22nd, the Earth-day.President Barack Obama and President Xi Jinping also encouraged other Parties to the United Nations Framework Convention on Climate Change to do the same, wishing to bring the Paris Agreement into force as early as possible.

 

Both countries confirmed to be also committed to working bilaterally and with other nations to achieve favorable outcomes this year in related multilateral fora.

This announce was the latest step made by the U.S. and China after their September 2015 Joint Statement to use public resources to finance and encourage the transition toward low-carbon technologies as a priority.

Since then, the United States led an effort in the OECD to adopt successfully the first-ever set of multilateral standards for support of coal-fired power plants using export credit. And China has been strengthening its green and low-carbon policies with a view to strictly controlling public investment flowing into projects with high pollution and carbon emissions both domestically and internationally.

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