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John Kerry: U.S.-China climate cooperation is a "critical standalone issue"

President Biden's special climate envoy John Kerry said Wednesday that the U.S. must deal with China on climate change as a "critical standalone issue," but stressed that Beijing's human rights and trade abuses "will never be traded" for climate cooperation.

Why it matters: The last few years have brought about a bipartisan consensus on the need for the U.S. to confront China's aggression. But as the world's largest greenhouse gas emitter, China will be a vital player if the world is going to come close to reining in emissions on the scale needed to meet the Paris Agreement goals of limiting warming to 2°C above pre-industrial levels.


What they're saying: "We have serious differences with China on some very, very important issues, and I am as mindful of that as anybody, having served as secretary of state and in the Senate," Kerry said at a press briefing.

  • "The issues of theft of intellectual property and access to markets, South China sea. Run the list. We all know them. Those issues will never be traded for anything that has to do with climate. That's not going to happen," he continued.
  • "But climate is a critical standalone issue that we have to deal on ... So it's urgent that we find a way to compartmentalize, to move forward, and we'll wait and see. But President Biden is very, very clear about the need to address the other issues with China."

Go deeper: Biden sets his sights on China

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Unpacking Airbnb, Doordash and the rest of Wall Street’s soaring valuations

Fears of the "B"-word (bubble) are growing louder. There's a staggering split screen: a teetering economy with millions unemployed in a pandemic that's killing thousands per day and newly public tech companies riding high on nosebleed valuations.

Yes, but: Investors acknowledge the backdrop is bad. They say investors are piling into and betting on companies like Airbnb and DoorDash for better times ahead.

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The Biden protective bubble will only tighten in the months ahead

The Joe Biden who became the 46th president on Wednesday isn't the same blabbermouth who failed in 1988 and 2008.

Why it matters: Biden now heeds guidance about staying on task with speeches and no longer worries a gaffe or two will cost him an election. His staff also limits the places where he speaks freely and off the cuff. This Biden protective bubble will only tighten in the months ahead, aides tell Axios.

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