Two months after instructing Argentina’s delegation to withdraw from the COP29 summit in Baku, President Javier Milei is reportedly considering pulling Argentina out of the United Nations Framework Convention on Climate Change (UNFCCC). If this move is finalised, Argentina would follow the United States as the second nation to withdraw from the treaty, which was signed by nearly 200 countries in 2015.
Milei, known for his right-wing stance, has often criticised international climate agreements, claiming they hinder Argentina’s economic interests. Reports suggest that senior officials in his administration are reviewing a formal proposal to exit the UNFCCC, sparking debate on the nation’s climate commitments.
In November, Foreign Minister Gerardo Werthein confirmed the government is reassessing its role in the treaty. He noted that while Argentina acknowledges climate change, the administration believes natural cycles are a primary driver rather than human activity. Werthein also emphasised Argentina’s commitment to climate action but highlighted its disagreements with the treaty’s framework.
As South America’s second-largest economy and the world’s 24th-largest emitter of greenhouse gases, Argentina plays a significant role in global climate efforts. The country boasts vast fossil fuel reserves, including the world’s second-largest shale gas and fourth-largest shale oil deposits, making it a major player in energy markets.
However, experts warn that withdrawing from the UNFCCC could harm Argentina’s economy. Niklas Höhne, a climate policy expert at the NewClimate Institute, warned that Argentina could face economic isolation. “Nations like the European Union, which are implementing carbon border tariffs, may see Argentina as a less favourable trade partner,” Höhne said.
Argentina’s potential exit from the UNFCCC comes at a critical time when many countries are strengthening their climate policies. Experts caution that withdrawing could weaken Argentina’s international trade ties, especially with nations prioritising sustainable production.
With global attention on climate change intensifying, Argentina’s decision could have far-reaching implications for its economy and geopolitical standing.
