US elections create uncertainty for Asia's energy transition and climate funding

The outcome of the US elections may impact Asia's energy transition, particularly regarding climate financing and US-China relations. Analysts warn that a Trump victory could weaken commitments at the upcoming COP29 climate summit, affecting funding for developing nations.

Under a Harris administration, the US is expected to maintain its climate commitments and support for international climate initiatives. In contrast, a Trump administration might reduce US contributions to climate funds, potentially leaving Asian countries without crucial financial support.

The US-China dynamic is also at risk. A second Trump term could strain climate cooperation, while a Harris administration may foster dialogue. Both candidates aim to reduce reliance on China for clean energy supply chains, potentially benefiting other Asian countries.