cashgazette.com
cashgazette.com June 28, 2017


Business world rounds on Trump over USA exit from Paris climate deal

03 June 2017, 02:54 | Archie Newman

Trump has repeatedly cast doubt on the science of climate change and once called it a hoax perpetrated by China to weaken US business. Trump, who said he was elected to "represent Pittsburgh, not Paris", is not "representing us at all, or not very well", the mayor said.

The long-anticipated withdrawal announced by President Donald Trump on Thursday will boost China's influence in global climate politics and ease pressure to make more ambitious Carbon dioxide cuts of its own, analysts said.

The leaders of France, Germany and Italy said the global climate deal will not be renegotiated, reaffirming that the Paris Agreement remains irreversible. OPEC and 10 other countries led by Russian Federation agreed last week to extend for nine months, to March, a production cut of 1.8 million barrels a day initially agreed on in November.

"I don't think it's possible to revive that coal industry, or the fossil fuel industry, unless you dump massive subsidies into it".

Brussels and Beijing believe in "the full implementation, without nuances, of the Paris climate agreement", Juncker said, and underlined that there can be "no backsliding".

"Of course it would be better if the US were to stay in the Paris Agreement", Morten Dyrholm, Vestas senior VP marketing, communications and public affairs, said in an emailed comment to Bloomberg. To rack up that number, the president had to reach back to October. He added that India and China were putting in efforts and showing strong leadership to combat the issue, reported PTI. He continued to say the world has to work together "before it's too late".

Local newspaper Berliner Kurier use the powerful, if not vulgar, headline: "Earth to Trump: F*** you!" on its front page, in response to the USA president backing out of the climate change deal.

We are seeing far more leadership right now from people such as Germany's Angela Merkel, Canada's Justin Trudeau and even relative newcomer, France's Emmanuel Macron than the so-called most powerful man on earth.

Trump's decision was always going to be controversial, given the broad array of interests and a faction within the White House that urged him not to bail on the deal. The governors of California, New York, and Washington say they are starting an alliance of states committed to upholding the agreement.

The US emissions reduction pledge accounts for a fifth of the global emissions to be avoided by 2030, with an analysis by not-for-profit group Climate Interactive showing that a regression to "business as usual" emissions by the US could warm the world by an additional 0.3C by 2100.

The Paris accord aims to prevent average temperature around the world from heating up by more than 2 degrees Celsius (3.6 degrees Fahrenheit) before the end of the century, compared to before the start of the industrial age.

And Senator Ed Markey, D-Mass., said "The rest of the world no longer respects the U.S. This is the biggest issue in the world to most of the countries who have signed this agreement".

Since the year 2011, Trump has been tweeting his denialisms regarding the climate quite regularly, and it culminated in his exiting the Paris climate agreement on Thursday.

Hours after Trump spoke in the Rose, Musk, the billionaire behind Tesla and SpaceX, confirmed that he would step down as an advisor to Trump's economic council.

By breaking America's promise to its children and grandchildren, which was embedded in the Paris Agreement, with a false promise to the proud coal communities of this country, the President is committing one of the most short-sighted and disingenuous acts of political cowardice we have seen.



Other News

Trending Now

Portland mother to Trump: Condemn acts of hate
Christian was arrested on suspicion of aggravated murder, intimidation and being a felon in possession of a handgun. At this point, she said the connection she felt with Namkai-Meche is getting her through these challenging days.

When mascots go bad: Mr. Met fired after giving fans the finger
The unsportsmanlike conduct by one of sport's most recognized mascots happened during Wednesday's ugly 7-1 loss to the Brewers . Hernan Perez had three hits and an RBI for the Brewers , who also received two hits and an RBI from Nick Franklin.

Green denies any beef with Cavs, James
It's going to happen at some point, so they need to just stick to their strengths and continue to put up shots. The loss to Cleveland was morally deflating for Golden State and they were never able to fully recover.

India making billions for signing Paris deal
China has overtaken the U.S.in transitioning to renewable energy, generating a fifth of its electricity from renewable sources. Trump also is proposing sharp cuts to USA budgets for humanitarian and development assistance for the world's poorer nations.