02 June 2017

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President Trump announces withdrawal from Paris Climate Accord

President Trump announces withdrawal from Paris Climate Accord

195 countries signed Paris Climate Accord in 1995 which came into effect last November 2016

Now there are only 3 countries in the world which are not part of the Paris Climate Accord
2- Syria

President Donald Trump on Thursday announced he was withdrawing the United States from the historic Paris Accord, saying it was bad for his country and its economy but kept the door open for a “new transaction” on terms that are fair to the US.

By withdrawing the US from the climate deal, he fulfilled his major campaign promise and overturned the major foreign policy accomplishment of his predecessor Barack Obama.
Implementing the accord, Trump said would have hit the paper, cement, iron and steel, coal, and natural gas sectors of the American economy and would have meant $3 trillion in lost GDP, 6.5 million industrial job losses and $7,000 less in annual income for American households.

In his speech, President Trump said following This agreement is more about climate and more about others getting advantages. This put the United States of America to a very, very big economic disadvantage," he said, adding that as a result of the deal, the US would not be able to compete with other countries in the world.
“We’re getting out, but we will start to negotiate and we will see if we can make a deal that’s fair. If we can, that’s great,”
“I was elected to represent the citizens of Pittsburgh, not Paris.”
To fulfill my solemn duty to protect America and its citizens, the United States will withdraw from the Paris climate accord
the US would begin negotiations to re-enter either the Paris accord or “a new transaction on terms that are fair to the United States, its businesses, its workers, its people, its taxpayers.”
He said the deal was not tough enough on China and India. China will continue polluting for a “staggering number of years”, he said, referring to its self-determined mitigation target, and added, “India makes its participation contingent on receiving billions, billions and billions of foreign aid from developed countries” and while the United States was expected to cut production of coal under the accord, India could double it.

The US, however, will not immediately pull out of the Paris Act. He would follow the four-year rule to get out of it. This means that the US will leave the Paris Agreement in 2020.

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Friday, June 2, 2017

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