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

EUR -
AED 4.112415
AFN 80.050668
ALL 99.985287
AMD 437.866221
ANG 2.004376
AOA 1027.823342
ARS 1204.865427
AUD 1.796005
AWG 2.018139
AZN 1.891634
BAM 1.97728
BBD 2.261649
BDT 136.097264
BGN 1.956684
BHD 0.421931
BIF 3278.285489
BMD 1.119633
BND 1.496847
BOB 7.739874
BRL 6.591948
BSD 1.120159
BTN 96.462324
BWP 15.798342
BYN 3.665689
BYR 21944.807233
BZD 2.250002
CAD 1.565678
CDF 3221.184084
CHF 0.924177
CLF 0.028867
CLP 1107.754066
CNY 8.189559
CNH 8.186712
COP 4893.636031
CRC 575.951649
CUC 1.119633
CUP 29.670275
CVE 111.907188
CZK 25.097683
DJF 198.981259
DKK 7.467836
DOP 69.302254
DZD 148.470065
EGP 57.47614
ERN 16.794495
ETB 147.715251
FJD 2.568606
FKP 0.876727
GBP 0.863515
GEL 3.090284
GGP 0.876727
GHS 17.410297
GIP 0.876727
GMD 80.6134
GNF 9691.54355
GTQ 8.64188
GYD 234.343676
HKD 8.686728
HNL 29.020259
HRK 7.533229
HTG 146.287877
HUF 407.445281
IDR 18856.523469
ILS 4.206741
IMP 0.876727
INR 96.688172
IQD 1467.327056
IRR 47150.596399
ISK 145.138287
JEP 0.876727
JMD 177.215159
JOD 0.793707
JPY 161.826141
KES 144.99484
KGS 97.911726
KHR 4495.326413
KMF 503.277569
KPW 1007.684515
KRW 1627.778872
KWD 0.343906
KYD 0.933432
KZT 577.938049
LAK 24265.168802
LBP 100361.878534
LKR 332.711406
LRD 224.019613
LSL 21.762111
LTL 3.305985
LVL 0.677255
LYD 6.224761
MAD 10.604235
MDL 19.898993
MGA 5090.206021
MKD 61.59641
MMK 2350.409145
MNT 3929.95155
MOP 8.953809
MRU 44.505401
MUR 50.497515
MVR 17.253934
MWK 1942.326291
MXN 22.912205
MYR 5.002476
MZN 71.555757
NAD 21.761914
NGN 1778.895017
NIO 41.217393
NOK 12.118343
NPR 154.342304
NZD 1.950581
OMR 0.430992
PAB 1.120149
PEN 4.162886
PGK 4.560502
PHP 64.255474
PKR 314.193908
PLN 4.263735
PYG 8971.460571
QAR 4.083157
RON 4.978674
RSD 117.158099
RUB 93.499382
RWF 1614.221518
SAR 4.202506
SBD 9.31899
SCR 16.041189
SDG 672.345943
SEK 11.050668
SGD 1.489782
SHP 0.879856
SLE 25.483278
SLL 23478.145869
SOS 640.148472
SRD 41.35938
STD 23174.143028
SVC 9.801389
SYP 14557.825468
SZL 21.750086
THB 37.899152
TJS 12.1701
TMT 3.929912
TND 3.415966
TOP 2.622291
TRY 42.577176
TTD 7.605554
TWD 36.744449
TZS 2989.420255
UAH 46.411977
UGX 4127.805134
USD 1.119633
UYU 48.112233
UZS 14531.734261
VES 82.030954
VND 28847.344815
VUV 141.276257
WST 3.229219
XAF 663.14921
XAG 0.035864
XAU 0.000353
XCD 3.025864
XDR 0.831453
XOF 663.161186
XPF 119.331742
YER 274.673992
ZAR 21.786495
ZMK 10078.041929
ZMW 31.581519
ZWL 360.521376
  • RBGPF

    -7.7300

    60.27

    -12.83%

  • RYCEF

    -0.3400

    8.86

    -3.84%

  • CMSC

    -0.4500

    22.15

    -2.03%

  • NGG

    0.3800

    65.59

    +0.58%

  • VOD

    -0.1300

    8.45

    -1.54%

  • AZN

    -1.8900

    64.87

    -2.91%

  • RIO

    -0.7400

    54.87

    -1.35%

  • GSK

    -0.8800

    33.6

    -2.62%

  • BTI

    0.3400

    40.55

    +0.84%

  • RELX

    0.4800

    49.02

    +0.98%

  • SCS

    -0.4000

    10.21

    -3.92%

  • BCC

    -3.7600

    94.68

    -3.97%

  • CMSD

    -0.5500

    22.2

    -2.48%

  • BCE

    -0.0200

    20.98

    -0.1%

  • JRI

    -0.2250

    11.765

    -1.91%

  • BP

    -1.6700

    26.23

    -6.37%

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?"

G.Koya--DT