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cashgazette.com June 28, 2017


European Union leader urges Trump not to ditch Paris climate deal

02 June 2017, 02:02 | Darrel Baker

Skye Gould Business Insider

Paris Agreement 4x3

The White House signaled that Trump was likely to decide on exiting the global pact - fulfilling one of his principal campaign pledges - though top aides were divided.

So the country leaving the Paris accords could be seen as an global declaration of the course that Trump has already set domestically.

European Commission President Jean-Claude Juncker also warned Trump against exiting the Paris climate change deal - a treaty ratified by the United States previous year - in a speech Wednesday, declaring: "The law is the law, and everyone must adhere to it". "Very bad for US".

More than 190 nations agreed to the accord in December 2015 in Paris, and 147 have since formally ratified or otherwise joined it, including the United States - representing more than 80 percent of the world's greenhouse gas emissions. Withdrawing would leave the United States aligned only with Russian Federation among the world's industrialized economies.

Mr Trump's refusal to commit to the Paris agreement caused frustration at a G7 meeting last week, with German Chancellor Angela Merkel describing the discussion as "difficult, not to say dissatisfying".

News of Trump's expected decision drew swift reaction from the United Nations.

The Kremlin says Russian Federation is committed to the Paris climate change accords.

"We believe climate change is real and the science is well accepted", GE's chief executive, Jeffrey Immelt, wrote to employees in a blog post in March. "Climate solutions provide opportunities that are unmatchable".

But many were quick to say the transition to a clean economy was now unstoppable.

India and Spain on Wednesday expressed their commitment to fighting climate change and reiterated their support for implementing the Kyoto and Paris accords.

From among his critics, U.S. Sens. Supporters of the deal say it's not an either-or choice.

"When the President has a decision he will make that announcement and he will make it clear what the basis of that is". A vote to remain also would mark a beginning - not an end - of questions about how the Trump administration will affect global climate change efforts.

A U.S. withdrawal would come fewer than 18 months after the historic 196-nation pact was signed in the French capital, the fruit of a hard-fought agreement between Beijing and Washington under Barack Obama's leadership.

The US is now one of the largest emitters of carbon dioxide in the world, so if Mr Trump was to pull the country out of the pact signed by almost 200 countries to reduce such carbon emissions it would be a major blow to a deal that aims to help avert the worst effects of climate change.

ExxonMobil CEO Darren Woods wrote a personal letter to Trump earlier this month, urging him to stick to the deal.

Solheim said with the Paris Agreement, the globe has seen the emergence of a more positive debate.

Economists say a USA pullout could give American exports an unfair price advantage compared to products from the European Union, where industries must pay penalties for emitting carbon dioxide. Calculations suggest it could result in emissions of up to 3 billion tons of additional carbon dioxide in the air a year - enough to melt ice sheets faster, raise seas higher and trigger more extreme weather.

Some of the biggest gains in tackling carbon emissions in the USA had been made at state level rather than federal level, he added.



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