A “Green Arms Race” Could Be Great for Latin America
The U.S.-China rivalry could help create a more environmentally healthy and socially equitable hemisphere. But there are obstacles.
At the United Nations General Assembly last week, President Joe Biden vowed his administration would work to double assistance for developing countries to address climate change, to over $11 billion annually by 2024. Not to be outdone, President Xi Jinping said, in a marked shift from previous statements, that “China will step up support for other developing countries in developing green and low carbon energy and will not build new coal-fired power projects abroad.” The escalating rivalry between the United States and China has drawn comparisons to a new Cold War, with uncertain...
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