Berliner Boersenzeitung - Is Argentina's Milei on brink of leaving Paris climate accord?

EUR -
AED 4.223641
AFN 71.870242
ALL 96.008357
AMD 435.071371
ANG 2.058835
AOA 1054.617283
ARS 1604.927372
AUD 1.628457
AWG 2.071569
AZN 1.959171
BAM 1.952978
BBD 2.324112
BDT 141.595411
BGN 1.955613
BHD 0.43432
BIF 3425.476113
BMD 1.150073
BND 1.471036
BOB 7.973479
BRL 6.03397
BSD 1.153898
BTN 106.296414
BWP 15.555051
BYN 3.40197
BYR 22541.436182
BZD 2.320816
CAD 1.569309
CDF 2504.859301
CHF 0.905131
CLF 0.026564
CLP 1048.901277
CNY 7.899872
CNH 7.920462
COP 4257.99679
CRC 543.899939
CUC 1.150073
CUP 30.476942
CVE 110.105909
CZK 24.434428
DJF 205.49041
DKK 7.472193
DOP 70.486317
DZD 151.646025
EGP 60.193722
ERN 17.251099
ETB 180.116471
FJD 2.547875
FKP 0.858061
GBP 0.862762
GEL 3.122487
GGP 0.858061
GHS 12.502935
GIP 0.858061
GMD 83.955081
GNF 10116.119473
GTQ 8.848215
GYD 241.421174
HKD 9.002411
HNL 30.544936
HRK 7.53459
HTG 151.146354
HUF 391.841944
IDR 19493.742004
ILS 3.614392
IMP 0.858061
INR 106.298396
IQD 1511.715742
IRR 1520138.102528
ISK 144.403516
JEP 0.858061
JMD 180.603552
JOD 0.815418
JPY 183.31935
KES 149.038153
KGS 100.57426
KHR 4631.207758
KMF 492.231415
KPW 1035.104124
KRW 1714.621526
KWD 0.353142
KYD 0.961611
KZT 564.843865
LAK 24721.387876
LBP 103336.441305
LKR 358.763188
LRD 211.174876
LSL 19.063039
LTL 3.395868
LVL 0.695668
LYD 7.365262
MAD 10.813975
MDL 20.03796
MGA 4782.94363
MKD 61.637855
MMK 2415.177093
MNT 4105.926165
MOP 9.30163
MRU 45.857545
MUR 52.914998
MVR 17.779805
MWK 2000.947963
MXN 20.51443
MYR 4.522129
MZN 73.4872
NAD 19.062956
NGN 1608.527119
NIO 42.467531
NOK 11.183445
NPR 170.069094
NZD 1.973548
OMR 0.442209
PAB 1.153933
PEN 3.948794
PGK 4.976744
PHP 68.505842
PKR 322.348333
PLN 4.271746
PYG 7471.107654
QAR 4.207121
RON 5.094023
RSD 117.421366
RUB 91.415753
RWF 1687.01112
SAR 4.31598
SBD 9.259999
SCR 16.875782
SDG 691.194098
SEK 10.77625
SGD 1.47149
SHP 0.862853
SLE 28.293359
SLL 24116.463866
SOS 658.328755
SRD 42.974212
STD 23804.194795
STN 24.464333
SVC 10.09741
SYP 127.517064
SZL 19.067869
THB 37.078704
TJS 11.060719
TMT 4.036757
TND 3.392598
TOP 2.7691
TRY 50.820876
TTD 7.830686
TWD 36.73361
TZS 3001.514106
UAH 51.093421
UGX 4319.758439
USD 1.150073
UYU 46.143328
UZS 14003.766147
VES 506.508889
VND 30226.225803
VUV 137.546605
WST 3.121786
XAF 654.99068
XAG 0.013712
XAU 0.000225
XCD 3.10813
XCG 2.079695
XDR 0.814598
XOF 655.002053
XPF 119.331742
YER 274.350186
ZAR 19.31122
ZMK 10352.03943
ZMW 22.41532
ZWL 370.323125
  • CMSD

    -0.0500

    23.1

    -0.22%

  • CMSC

    -0.1000

    23.14

    -0.43%

  • GSK

    -0.8700

    54.28

    -1.6%

  • BCE

    -0.2100

    25.68

    -0.82%

  • BTI

    0.7300

    59.89

    +1.22%

  • BP

    0.6000

    42.16

    +1.42%

  • RBGPF

    0.1000

    82.5

    +0.12%

  • BCC

    -2.2800

    69.62

    -3.27%

  • NGG

    1.1200

    90.81

    +1.23%

  • AZN

    -0.8100

    192.5

    -0.42%

  • RIO

    -1.3800

    90.7

    -1.52%

  • JRI

    -0.0300

    12.82

    -0.23%

  • RYCEF

    -0.1000

    17.25

    -0.58%

  • VOD

    -0.0900

    14.31

    -0.63%

  • RELX

    -0.5800

    34.18

    -1.7%

Is Argentina's Milei on brink of leaving Paris climate accord?
Is Argentina's Milei on brink of leaving Paris climate accord? / Photo: Handout - Argentinian Presidency/AFP

Is Argentina's Milei on brink of leaving Paris climate accord?

Argentina's abrupt snub of COP29 climate talks in Azerbaijan has raised alarm that President Javier Milei -- an ally to US President-elect Donald Trump -- could be looking at pulling out of the Paris accord.

Text size:

Such a move would align Milei's climate change skepticism with the position held by Trump -- and deal a blow to the 2015 international agreement that aims to curb global warming.

"If Milei's government decides to exit the Paris Agreement, we would be faced with huge legal and constitutional implications," said Maximiliano Ferraro, an Argentine lawmaker with the opposition Civic Coalition.

Already, Milei -- a populist who has taken radical measures to cut inflation at home -- has downgraded his environment ministry to a sub-secretariat and eliminated a fund for the protection of native forests.

Argentina's delegation expected at the COP29, the UN climate talks happening in Azerbaijan this week, suddenly pulled out, an environment ministry source confirmed, without giving details behind the decision.

Foreign Minister Gerardo Werthein told The Washington Post that "we are reevaluating our strategy on all climate-change-related issues" but added that Buenos Aires had not made a decision at this time to leave the Paris accord.

On Thursday, Milei attended a gala at Trump's Mar-a-Lago estate in Florida, alongside the world's richest man Elon Musk. At the event, Milei hailed Trump's "greatest political comeback in history."

Trump pulled the United States out of the Paris Agreement in 2017, during his first time as president.

Current US President Joe Biden brought his country back into it in 2021, but Trump has vowed to reverse that order when he takes over the White House in January.

On Monday and Tuesday, Biden and Milei will attend a G20 summit in Brazil that will discuss international efforts to limit climate change, but the US leader is seen as a lame duck leader at the gathering.

- 'Bad signal' -

Greenpeace Argentina said the country's withdrawal from the Azerbaijan talks was a "bad signal."

Ferraro, the opposition lawmaker, said if an exit from the Paris Agreement followed, "we would be entering a foggy path of isolation."

Milei has a record of putting environmental considerations well below economic ones.

In June, he stated: "Nature must serve humans and their wellbeing, not the other way around."

He added that "the main environmental problem we have is extreme poverty, and that is only solved if we use our resources."

Oscar Soria, head of The Common Initiative, a New York-based group campaigning for financial reform to promote biodiversity, told AFP "there is a growing concern about the possibility that Argentina exits the Paris Agreement."

But he pointed out that such a move "cannot be done by a simple decree" -- it would require approval by the Argentine Congress.

Argentina ratified the Paris accord in 2016, meaning any change would enter constitutional territory.

It would also run counter to "solid legislation on climate action" in the country, Soria said.

"If he goes there, we are ready for a legal battle."

Soria added that "with or without Argentina, global climate action will continue. That was shown in the United States when Donald Trump took the decision to withdraw from the Paris Agreement in 2017. A lot of extreme-right leaders have underestimated the Paris Agreement."

Guillermo Folguera, a biologist at Argentina's National Scientific and Technical Research Council, said there was hope that NGOs could curb government policies that look at the environment "only as a way to generate assets and not as a space for life."

Ferraro suggested that Milei's moves could be a way to ingratiate himself with Trump.

"I wonder if it's just a show put on by President Milei to offer this up as a sacrificial ritual in his get-together with US President-elect Donald Trump?"

(S.G.Stein--BBZ)