Bloomberg says USA does not need Washington to fulfil Paris agreement

  • Bloomberg says USA does not need Washington to fulfil Paris agreement

Bloomberg says USA does not need Washington to fulfil Paris agreement

"It's something I think we can be proud of and that was done in the absence of the Paris agreement", said Tillerson, the former chief executive of energy company ExxonMobil.

Closer to home, two corporate leaders resigned from one of Mr Trump's advisory councils and several U.S. city mayors pledged to "stand for environmental justice".

Trump however argued that the Paris deal puts the United States at a disadvantage, adding he would leave the door open for negotiating a better deal for USA businesses and workers.

A decision by President Donald Trump to pull the United States out of the world's first comprehensive accord on tackling climate change and seek renegotiated terms that are "fair" to America has drawn widespread worldwide condemnation.

Mr Obama had repeatedly said that signing up to the deal was one of his proudest moments as President.

Prime Minister Theresa May expressed her "disappointment" to Trump about the move when they spoke on Thursday, Number 10 said.

In his announcement, Trump said he is open to renegotiating the Paris agreement and that he "cares deeply" about environmental matters.

He said he would notify the U.N. Secretary General and the climate change secretariat that USA cities, states, businesses and others will aim to meet the United States' commitment to reducing emissions 26 percent below the 2005 levels by 2025.

It found that seven in 10 registered voters (69 per cent) said the U.S. should participate in the agreement, compared with only 13 per cent who said the United States should not.

Claiming that the accord is unfair to the US and a drag on its economy and employment, Trump says Washington will renegotiate the pact or initiate talks on a new climate change framework.

So it was fitting that his speech - and his reasoning - on the decision to exit the historic 195-nation accord established in 2015, emphasized American workers and taxpayers who Trump said "absorb the cost in terms of lost jobs, lower wages, shuttered factories and vastly diminished economic production".

California Governor Jerry Brown, New York Governor Andrew Cuomo and Washington state Governor Jay Inslee announced a United States Climate Alliance to convene states committed to upholding the Paris Agreement. As NPR has reported, "the only other countries not part of the agreement are Syria, which is in the midst of a civil war, and Nicaragua, which argued that the Paris accord did not go far enough to curb global emissions". "We make clear that if we want to limit warming to 2 °C, we need to do more and we need continued effort past 2030". "There should not be any doubt for our commitment for climate change", he added. What that withdrawal means for climate change and American standing in the world.

Trump's move could still give some countries the political cover to scale back their efforts to reduce greenhouse-gas emissions, says Niklas Höhne, a founding partner at the NewClimate Institute in Cologne, Germany.