India making billions for signing Paris deal
- Author: Salvatore Jensen Jun 04, 2017,
Jun 04, 2017, 18:02
The mechanics of the United States exit are complicated.
Eleven months later, Obama and Xi stood together again, this time in the White House Rose Garden - ironically the setting for Trump's announcement of USA withdrawal from the Paris agreement. Long a skeptic of climate change-calling it a "hoax" propagated by the Chinese to suppress USA manufacturing-this is the latest, and perhaps most significant, action taken by Trump under his "America First" doctrine, calling the agreement unfair to American workers and the economic impacts of "draconian".
In addition to these reactions on the social media, the heads of state for France, Germany and Italy issued an official statement making it clear that the clause of the Paris Agreement can not be renegotiated.
When it was put to him that May has said she expressed disappointment about Trump's decision, Miliband replied: "Disappointment is when your football team loses a match". "If we don't do anything, we might shoot over 5 degrees or more and that would be catastrophic", he said.
"We deem the momentum generated in Paris in December 2015 irreversible and we firmly believe that the Paris Agreement can not be renegotiated since it is a vital instrument for our planet, societies, and economies", the statement read. May noted that Japan and Canada - fellow members of the G-7 group of rich industrialized nations - also were not signatories, but like Britain remain committed to the Paris agreement. This country is the world's second biggest carbon emitter behind China.
China is expected to announce a new climate partnership with the European Union on 2 June.
"Americans are not walking away from the Paris Climate Agreement", Bloomberg said in a statement. "This is more about the diminishing of American leadership and credibility than about the rise of others - yet".
More than ever, Trump's disregard for the future of the planet is a call to other countries-as well private business-to do more to fill the gap created by the US's Paris exit.
Trump didn't name the source of that figure during his press conference, in which he announced the United States would withdraw from the landmark agreement to lower worldwide greenhouse gas emissions. But the USA decision does not yet spell doom for the climate itself.
European heavyweights France, Germany and Italy said in a joint statement on Thursday that they regretted Trump's decision to withdraw from the accord, while affirming their "strongest commitment" to implement its measures.
An analysis by the Climate Action Tracker, a consortium of researchers, suggests that climate-change policies instituted by Obama would have cut USA greenhouse-gas emissions by 10% below 2005 levels in 2025. The point was for countries to have individual targets, then draw up their own policy measures in order to meet them.