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Opinion | The Global Toll of Biden's Green Enthusiasm - The Wall Street Journal

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The Global Toll of Biden’s Green Enthusiasm - WSJ

Amid the violent challenges to the world system in Ukraine and the Middle East, it’s easy to overlook the corroding economic pillars of international order. Under President Biden, American economic policy is morphing into a toxic combination of protectionism and green activism guaranteed to slow growth and create global friction.

That matters. Seventy-five years ago, in 1948, the wheels were coming off post-World War II American foreign policy. Moscow was toppling democratic governments in Europe. Mao Zedong was marching on Beijing. Violence stalked the Middle East as fighting between newly independent Israel and its neighbors created a massive humanitarian crisis and threatened a wider war.

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Related Knowledge Center: Climate diplomacy

State of Play

Talks are well underway in preparation for the next major international meeting on climate change, 28th Conference of the Parties (COP28), scheduled to begin Nov. 30 in the United Arab Emirates. 

Much like last year’s COP27, finances — specifically, aid to developing nations — will be at the center of conference deliberations.

The conference faces an even greater sense of urgency brought on by the Sept. 8, 2023, release of the first global stocktake, which calls for accelerated action to meet the goals set in the 2015 Paris Climate Agreement (COP21). 

Climate diplomacy: COP 27 | Climate diplomacy: COP 28 | Climate diplomacy: COP 29

 

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