Kremlin says Russian Federation committed to Paris pact
- Author: Leroy Wright Jun 02, 2017,
Jun 02, 2017, 4:45
"The President will make an announcement when he's made a final decision", one senior official said.
"Withdrawing from the Paris agreement is hardly going to create jobs in the US", says Cary Coglianese, professor at the University of Pennsylvania and editor of the book "Does Regulation Kill Jobs?"
Here's a guide to what's in the Paris agreement, what's going on with global warming, and what might happen if the rest of the world keeps fighting man-made climate change and the USA stays partially or completely on the sidelines.
Economists also warn that climate change could inflict a devastating impact on the global economy. "There are no indications whether the United States will stay in the Paris Agreement or not", Merkel said.
"Wherever we live, whoever we are, we all share the same responsibility: make our planet great again", Macron added.
However, some Republicans say the Paris agreement would be a job killer in the U.S. For instance, Senator Rand Paul of Kentucky claims the deal would cost 6.5 million U.S.jobs by the year 2040.
She described the discussion as "very hard, not to say very unsatisfactory".
"The cancellation of the worldwide climate summit in Boston is another indication of how the Trump administration is pulling out of global engagement in a way that ultimately cedes economic opportunities to other countries", said David Cash, the former commissioner of the state's Department of Environmental Protection who now serves as dean of the McCormack Graduate School of Policy and Global Studies at the University of Massachusetts Boston.
Trump had refused to endorse the landmark climate change accord at a summit of the G7 group of wealthy nations on Saturday, saying he needed more time to decide.
While Trump now favors an exit, he has been known to change his thinking on major decisions and tends to seek counsel from a range of inside and outside advisers, many with differing agendas, until the last minute. In a statement backed by all 28 EU states, the European Union and China will commit to full implementation of the accord, EU and Chinese officials said.
Four of the Congress members who signed the resolution spoke against Trump's reported decision on Wednesday.
"China will continue to implement promises made in the Paris Agreement, to move towards the 2030 goal step by step steadfastly", Li said in a Berlin joint press conference with German Chancellor Angela Merkel.
Other companies supporting the deal include Microsoft, Apple, Starbucks, Chevron, Gap, Nike, Google, Adidas and L'Oreal.
During his 2016 presidential campaign, Trump denounced the accord, and called global warming a hoax aimed at weakening USA industry.
Finland's Prime Minister Juha Sipila said that a U.S. withdrawal would be a big setback.
Megan Bowman, a law lecturer at King's College, London, said the four-year waiting period was partly meant to insulate the agreement from a shift to a Republican presidency after Democratic President Barack Obama.
The warmer EU-China relationship, partly spurred by Trump, is despite a long-running spat with Beijing on what Europe sees as China's dumping of low-priced goods on European markets.
"A US withdrawal would remove the world's second-largest emitter and almost 18 percent of the globe's present day emissions from the agreement, presenting a severe challenge to its structure and raising questions about whether it will weaken the commitments of other nations", wrote Washington Post environment reporter Chris Mooney. Even many of Trump's own advisers support the deal, according to The New York Times.
Syria and Nicaragua have already rejected the climate accord.
Trump's expected decision to withdraw was likely to raise further questions about USA credibility overseas.
A wide chorus of voices are calling for Trump to recommit to the Paris agreement: Other world leaders and hundreds of scientists, of course, but also CEOs of major energy companies and other big USA corporations.