Trump Win Looms Over COP29, US-China Climate Cooperation

Key Takeaways

• Countries agreed to triple annual climate finance for the developing world, and the United States and China jointly held a methane summit for the second year in a row.
• The stage was set for global carbon markets to ramp up next year, with opportunities for companies to trade carbon offsets to meet global goals.
• While Trump has vowed to leave the Paris Agreement, rollbacks of other US climate policies may face more internal resistance.