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US, CHINA UNVEIL NEW CLIMATE CHANGE GOALS

Published by Gbaf News

Posted on November 13, 2014

1 min read

· Last updated: January 22, 2026

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President Obama and President Xi Jinping discussing climate change goals - Global Banking & Finance Review
President Obama and President Xi Jinping unveil ambitious climate change targets in Beijing, aiming to cut greenhouse gas emissions. This significant announcement is pivotal for global climate initiatives and impacts financial policies in the banking sector.
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JOSH LEDERMAN, Associated Press BEIJING (AP) – President Barack Obama is setting a goal to move much faster in cutting U.S. greenhouse gas emissions blamed for global warming. Obama and Chinese President Xi Jinping (shee jihn-peeng) are unveiling their new targets in Beijing. The leaders hope to spur other countries to set ambitious targets ahead […]

JOSH LEDERMAN, Associated Press

BEIJING (AP) – President Barack Obama is setting a goal to move much faster in cutting U.S. greenhouse gas emissions blamed for global warming.

Obama and Chinese President Xi Jinping (shee jihn-peeng) are unveiling their new targets in Beijing. The leaders hope to spur other countries to set ambitious targets ahead of a global climate treaty to be finalized next year.

Obama’s new goal is to reduce emissions by 26 to 28 percent by 2025, compared to 2005 levels. Earlier in his presidency, Obama set a goal to cut emissions by 17 percent by 2020, compared to 2005.

China isn’t committing to cut emissions by a specific amount. China’s emissions are still rising as the country builds new coal plants. So China’s goal is for its emissions to peak by 2030 or earlier.

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