Connect with us

Americas

India, China Prepare For A Possible Joe Biden Victory As The New US President Could Bring Environmental Policy Changes

Published

on

With only a few hours until the US elects a new President, countries have been preparing for a foreign policy change if Democrat nominee and former vice president Joe Biden, who is running ahead in the polls, gets elected.

Under Attack From Iran, Indian Rafale Jets Prefer Mid-Air Refueling Over Stop Over At Al Dhafra Airbase In The UAE

One such difference in policy is the environmental plan. While Biden has mapped out a climate change policy that includes taxing carbon-intensive exports, Donald Trump has no such plan. 

The change in policy, if Biden is elected, will likely affect countries with high carbon emissions including China, India, Japan, and Australia.

While China is at loggerheads with the US, its dependence on fossil fuels will increase the cost of its exports in comparison to countries where production is cleaner. Biden’s policy plan is similar to that of the European Union’s Green Deal.

Joe Biden | Former Vice President of the United States Joe B… | Flickr

Joe Biden

Citing 2019 Morgan Stanley’s research note, a Nikkei Asia report said that it is unclear how the Biden will implement border carbon adjustments but imposing a hypothetical tax of $40 per ton of emissions would increase the cost of producing aluminum by over 20% in China, India, and Australia.

According to the report, if Biden’s policy is implemented, Chinese steel, which is often created in coal-powered furnaces, would be penalized, while Indian steel produced in more efficient mini-mills that run off electricity could receive a boost.

Meanwhile, China has come out with a plan to reduce its carbon emission as President Xi Jinping pledged to attain carbon neutrality by 2060. Japanese Prime Minister Yoshihide Suga has also committed to carbon neutrality by 2050. While fossil fuel-dependent nations may be in a disadvantageous position with US policy change, it provides a push to attain their carbon neutrality goals.

On the other hand, India and Australia’s carbon policies have been moving in the opposite direction. New Delhi and Canberra revoked carbon pricing six years ago and might be at the opposing end of Biden’s policies. 

“Electricity is expensive in India, so we tend to use it more efficiently,” Karthik Ganesan, a Delhi-based research fellow at the Council on Energy, Environment, and Water, told Nikkei Asia. “There’s a big economic opportunity for India if we were to make our manufacturing process more efficient.”

Australian analysts also believe that Canberra is not inclined towards pricing carbon. There’s no particular push from the Federal government to bring in greener policies for the country. 

Advertisement
Advertisement

Facebook

FEATURED

saudi-uae saudi-uae
Featured4 hours ago

Pakistan Claims Big Victory Over India After Saudi, UAE Led OIC Adopts Surprise Resolution On Kashmir

Amid the reports that the Organisation of Islamic Cooperation (OIC) meeting in Niger was abandoning the Kashmir issue, the foreign...

LCH-1 LCH-1
Featured6 hours ago

HAL Developed World’s Lightest Attack Helicopter A Stepping Stone For Indian Pilots Towards Apache Choppers

As India looks to induct its indigenous Light Combat Helicopter (LCH) into its armed forces, Indian Air Force (IAF) chief,...

DRONES-TURKEY DRONES-TURKEY
Featured7 hours ago

Pakistan Buying Mini Drones From Turkey To Bolster Its Border Offensive Against India – Reports

To enhance surveillance on the border and fast-track weapons dispatches on the Indian side of Kashmir, Pakistan is roping in...

Apache-Helicopter Apache-Helicopter
Featured7 hours ago

As British Army Goes For A Massive Overhaul It Receives First Two AH-64E Guardian Gunships Helicopters

The British Army has just received its first AH-64E Apache ‘Guardian’ helicopter gunships and would start the replacement of the...

Armata-Tank Armata-Tank
EurAsian Region10 hours ago

Russian Media Says Its T-14 Armata Tank Capable Of Operating On Mars With New Engines

Russia’s T-14 Armata main battle tanks will be able to operate in temperatures as low as -50 degrees Celsius with...

F18-India-Deal F18-India-Deal
Asia Pacific12 hours ago

Doors Open For More Rafale Fighter Jets, F-18 Super Hornets After Another MiG-29 Goes Down

Thursday’s crash of the Indian Navy’s MiG-29K trainer aircraft in the Arabian Sea has once again revived the debate whether...

INDIA-CHINA INDIA-CHINA
Asia Pacific12 hours ago

Xi’s China Eradicates Absolute Poverty; Where Does Modi’s India Stand?

Amid the Covid-19 pandemic, China has reportedly achieved its long-standing goal of ending absolute poverty. However, there have been no...

Iranian-Islamic-Revolutionary-Guards Iranian-Islamic-Revolutionary-Guards
Featured13 hours ago

Israel-Iran War: Why Israel & US Are ‘Keenly Awaiting’ Iran’s Retaliation After Top Nuclear Scientist Assassinated?

Iranian President Hassan Rouhani directly accused Israel of assassinating Mohsen Fakhrizadeh, the Islamic country’s prominent nuclear scientist. He, however, added...

Russia-China Russia-China
Featured22 hours ago

Are Russia & China Taking A Lead From NATO & Working To Develop A Joint Nuclear Powered Aircraft Carrier?

China and Russia’s common adversary, the US, has brought the two powers together and have cooperated by carrying out joint...

JU-88 JU-88
Featured22 hours ago

How The US Got Hold Of Nazi Germany’s Most Ferocious Multi-Role Warplane – The Ju-88s?

The Junkers Ju-88 combat aircraft that was a mainstay in Nazi Germany’s air force, Luftwaffe, miraculously found their way to...

Advertisement
Advertisement