China's environment minister told a meeting co-hosted with the EU and Canada that global climate cooperation will not slow down because some countries, like the US, have withdrawn from the Paris Agreement. He called the low-carbon transition irreversible and argued that the Iran war's disruption to oil and gas supplies strengthens the case for green energy. China remains the world's top CO2 emitter and coal user, but also leads in renewable energy and EV sales. The article notes that while the war has accelerated some nations' shift away from fossil fuels, others have turned to coal and oil to replace Middle Eastern gas. This highlights the tension between energy security and decarbonization. For carbon market watchers, the key takeaway is that major emitters like China are publicly committing to the multilateral process, even as the US steps back, which could affect global carbon pricing and project finance dynamics.
