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Trump is wrong on Paris deal

12 Juin 2017

As we all know from reading the papers and surfing the web, President Trump has withdrawn United States support from the Paris Climate Agreement.

Amazon founder and CEO Jeff Bezos, the second-richest person in the world, whose net worth of $85 billion surpasses those of small countries, hopes to see the president's decision neutralized. A major demonstration against Trump's decision is planned for Sunday afternoon in Bologna, an ancient university city and bastion of progressive activism.

By reducing regulations on coal, Trump will help the industry, but the effect will be muted because his deregulation agenda is also likely to boost production of natural gas. More than 190 countries participated in the agreement, which involves voluntary reductions in emissions levels.

However, considering the progress that has been made and the commitment of most global leaders and many corporate executives, Schroder's investment view undoubtedly remains unchanged. Obama clearly thought it doubtful the Senate would approve the treaty, so he bound this country to it without following due process.

It would be easy and convenient to place all the blame on President Donald Trump, and certainly he deserves some. And while President Obama kept us engaged for seven years, we must now reciprocate and engage the USA at various levels because without its participation, global goals to control global warming can not be achieved. Germany, France and Italy issued a joint statement declaring the Paris agreement irreversible.

Mollye: Yes, that's one of the biggest ones. Now that was signed by then President George H.W. Bush and it was also ratified by the Senate, so that's going to be a little more complicated if they decide to go that route.

In the wake of Trump's decision, Pittsburgh Mayor Bill Peduto reaffirmed his city's commitment to the 2015 Paris accord and called the president's move "reckless" and "unacceptable". A first step in that direction was the decision by Russia - the fifth-largest emitter of greenhouse gases - to delay the ratification of the Paris agreement until January 2019, after the 2018 Russian presidential election. And it is telling that our ambassador to China has resigned in protest of the decision to withdraw from the Paris Climate Agreement.

Nevertheless, the Argentine-born archbishop still hopes that Mr Trump's game plan may not actually work because "it's not so easy to withdraw from an global treaty and one has to see in concrete what actually happens".

A non-binding agreement, entered into swiftly and carelessly without congressional approval, is simply not the answer. Remember also Trump's also saying, 'Well, hey, maybe we won't pull out altogether. We need to be showing leadership in improving the environment, as there is much to be done. If you have been living away from the internet, humanity or just haven't had the time, make this your Sunday brunch time read and get updated on this issue. I'm sorry. One party wanting to renegotiate.

"Even if we do reduce our emissions, however, we will get little credit from the worldwide community now and momentum for global cooperation on climate change will have been squandered".

The country is home to the world's first sustainable city, Masdar, the largest solar energy project, Shams 1 and the International Renewable Energy Agency.

Climate policies are generally less developed in the U.S. than other developed countries.

In fact, the USA withdrawal could raise global emissions by 3 per cent, and could add up 0.3°C to global temperatures by the end of the century, in the worst-case scenario.

I would like to add my thanks as well - but for a different reason. The story to me is incredible.

Trump is wrong on Paris deal