Argentina could become the second country after the United States to consider withdrawing from the Paris climate agreement, the Financial Times reported, citing sources familiar with the situation. According to them, no final decision has been made on the matter, but discussions are already underway at the highest level.
The Paris Agreement, adopted in 2015, aims to limit global warming to 1,5 to 2 degrees Celsius above pre-industrial levels. It calls for reducing greenhouse gas emissions, switching to renewable energy sources, and supporting developing countries in adapting to climate change. Argentina, as a signatory to the agreement, has committed to reducing emissions and switching to clean energy.
The Argentine government is considering pulling out of the deal because of the country's economic difficulties, sources said. Growing public debt, high inflation and budget deficits are forcing authorities to rethink their international commitments. Meeting climate goals, including a transition to green energy, requires significant investment that officials say Argentina cannot afford in its current circumstances.
In addition, the Financial Times sources note that there are arguments within the Argentine government about the uneven distribution of climate responsibilities between countries. Some representatives believe that developed countries, which are the largest emitters of greenhouse gases, should bear more responsibility for global warming than developing economies such as Argentina.