Climate change and President Biden’s global infrastructure program

US President Joe Biden used the occasion of the UN Climate Change Conference to advance his vision for an environmentally friendly and cooperative global infrastructure, which he says will be implemented by 2050. By now, Karen will be paving the way for zero gas emissions.

His plan could also be an alternative to China’s Belt and Road program.

Speaking at a roundtable conference in Glasgow on the occasion, he said that re-improving the planet, the UK’s transparent and environmentally friendly program, and the idea of ​​a global highway were all part of the G7 countries’ efforts to Aims to build a high quality sustainable global infrastructure.

More than 100 countries, including the United States, have signed an agreement to reduce global temperatures and keep pre-industrial temperatures at 1.5 degrees Celsius.

President Biden presented his vision for a better world at the G7 summit in June, aimed at financing developing countries to build high, quality, environmentally friendly, and sustainable infrastructure.
President Biden said that in the fight against climate change, developing countries need to build the infrastructure that paves the way for green economic growth.

The United States has begun preliminary work on its plan. This week, officials from the United States, led by Deputy National Security Adviser Dilip Singh, are in Ghana and Senegal to assess infrastructure projects. He has previously made similar trips to Colombia, Ecuador, and Panama in September, while several more are planned.

At home, however, President Biden’s plans are being thwarted by opposition Republicans in Congress.

At the Glasgow summit, South Africa, a major coal producer, signed an 8.5 billion deal with the United States, the European Union, and other European countries to build more clean energy alternatives and help workers in the coal industry. Signed
Lucas Myers, Southeast Asia’s program coordinator at the Wilson Center’s Asia program, a US think tank, says Chinese investment is particularly attractive to countries with poor human rights records and high levels of corruption. This is because their terms are more flexible and the regulations are not stricter.

He said the challenge for Washington is how to make its programs flexible and low-cost while maintaining strict financial regulations, human rights, and environmental standards.

Jonathan E. Hillman, a senior fellow at the Center for Strategic and International, says the four main pillars of the B3W project are climate, health, digital and human gender.

He says if the United States and its partners can mobilize pension funds, life insurance companies, and other institutional investors to invest, the US plan could be much better than China’s Belt and Road project. ۔ Analysts estimate the value of the Chinese project at between ایک 1 trillion and 8 8 trillion.

Hillman said he expects that as the number of successful US program projects increases, more countries will be attracted to it and that if Washington harmonizes with similar development programs, The effect can be overwhelming.
The United States has a long record of helping other countries and building infrastructure there, including reconstruction projects under a post-war martial plan. But for the first time, the Trump administration has criticized China’s international investment program.

In 2018, then-US Vice President Mike Pence accused Chinese leader Xi Jinping of trying to increase China’s influence through debt diplomacy.

He said China was lending billions of dollars to countries from Asia to Africa to Europe and Latin America to build its infrastructure, while the terms of the loans were unclear and the benefits were huge. Beijing gets.

During his visit to Asia in 2018, Pence sought to highlight that the US International Development Finance Corporation was providing سرمایہ 60 billion more in infrastructure projects worldwide than China.

Analysts say the company has not yet been able to present itself as a viable alternative to China’s Belt and Road program. The International Development Corporation claims to be running 57 projects worth ڈھ 2.5 billion worldwide. But those plans were subject to former President Trump’s limited time geopolitical interests, including the Middle East. Because the investment offer was made to the countries that signed the Abraham Treaty, one of the purposes of which was to recognize Israel diplomatically.

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Saifullah Aslam

Owner & Founder of Sayf Jee Website

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