U.S. and China Make Progress on Climate Finance, But Future Cooperation Hangs on November Election Outcome

The U.S. and China are narrowing their differences over climate finance, but further cooperation may depend on the outcome of the November presidential election. Three days of climate talks ended without significant commitments. The White House climate adviser, John Podesta, acknowledged that there are some differences on how countries can deliver more money to help poorer nations address rising temperatures. The United States has been pushing China to become a formal contributor to climate finance. Beijing has so far resisted this, citing its contributions to global climate efforts in other ways.