United States withdrawal from the Paris Agreement

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The United States withdrawal from the Paris Agreement was the exit of the United States from the 2015 Paris Agreement on climate change mitigation. On June 1, 2017, President Donald Trump announced that the nation would cease all participation with the Paris Agreement, effective that same day.[1][2][3] International reaction to the withdrawal were overwhelmingly negative from across the political spectrum, and received substantial criticism from religious organizations, .usinesses, political leaders, etc This included criticism of Trump's climate change denial. [4][5][6]

Background[edit | edit source]

Announcement[edit | edit source]

On June 1, 2017, Trump stated the U.S would leave the Paris Accords, stating the agreement eliminates coal jobs and ships them to foreign countries.[7][8]

Effects[edit | edit source]

The withdrawal was seen as putting the accords in danger.[9] Speaking at the 5th annual World Pensions Forum held on the sidelines of the Paris COP21 Summit, Earth Institute Director Jeffrey Sachs had argued that, no matter what the political inclinations of the next American president, large US institutional investors including public pension funds would eventually divest from carbon-reliant firms if they could not react to political and regulatory efforts to halt climate change: "Every energy company in a pension fund's portfolio needs to be scrutinized from purely a financial view about its future, 'Why is this [a company] we would want to hold over a five- to 20-year period?'... If we continue to hold major energy companies that don’t have an answer to a basic financial test, we are just gambling. We have to take a fiduciary responsibility – these are not good bets."[10]

World Pensions Council Director-General Nicolas J. Firzli concurred, insisting that influential, cash-rich asset owners “from California, Kansas, Colorado and Ohio, to say nothing of Wall Street private equity firms, most of whom have vast vested interests in clean tech, low-carbon ventures in America and abroad” would pursue and expand their climate change-informed investments in spite of possible “climate skeptic” posturing from the part of the new US admiration.[11] The inevitable nature of the secular trend towards divestment from polluting fossil fuels was reconfirmed at 6th annual World Pensions Forum held in Greenwich in February 2017, with all institutional investors in attendance, including US and Canadian pension funds, agreeing that climate-change conscious, responsible investments “constitute a [real,] rising trend: [they’re] here to stay” [12]

Reactions[edit | edit source]

United States political figures[edit | edit source]

Bill McKibben called the move the "dumbest since the Iraq War".[13] Barack Obama said of Trump's decision, "Even as this Administration joins a small handful of nations that reject the future, I'm confident that our states, cities, and businesses will step up and do even more to lead the way, and help protect for future generations the one planet we've got."[14] Obama also stated that America is no longer a leader on climate change.[15]

Former Vice President Al Gore criticized it, saying that it was a "reckless and indefensible action".[16] Senator Chuck Schumer said that it "drops the Earth dead".[17] Senator Susan Collins stated that she was disappointed.[18]

Joe Biden said that it imperils American security.[19]

New York governor Andrew Cuomo, California governor Edmund Brown Jr., and Washington state governor Jay Inslee said they’re forming a coalition of states committed to fighting climate change. [20]

International response[edit | edit source]

 Canada - Prime Minister Justin Trudeau said he was "deeply disappointed" and that "Canada is unwavering in our commitment to fight climate change and support clean economic growth". Canada will "continue to work with the U.S. at the state level" and will reach out to the U.S. federal government to "discuss this matter of critical importance for all humankind".[21]

 European Union - The European Commission has stated that it "deeply regrets" the decision.[22]

 Germany - Angela Merkel heavily criticized his decision.[23][24][25]

 France - President Emmanuel Macron told Trump that it could not be renegotiated.[24] Prior to the withdrawal, former President Nicolas Sarkozy called for a tariff on all US exports to Europe if Trump went through with the promised withdrawal.[26]

 Italy - [24][27]

Template:Country data Vatican - The Vatican stated that Trump's climate denial no different than believing in a "flat Earth", and that it is a "huge slap in the face" to the world. [28][29][30]

Business figures[edit | edit source]

General Electric CEO Jeff Immelt stated that "climate change is real".[31]

Trump advisors[edit | edit source]

Elon Musk resigned in protest, saying that climate change is real and that withdrawing from the agreement "is not good for America or the world".[32][33][34][35]

Media[edit | edit source]

Detroit Free Press stated that "President Donald Trump has betrayed the future of our children, our grandchildren, and our planet" [6]

See also[edit | edit source]

References[edit | edit source]

  1. Liptak, Kevin; Acosta, Jim (June 1, 2017). "Trump on Paris accord: 'We're getting out'". CNN. Retrieved 1 June 2017. 
  2. Smilowitz, Elliot (2017-06-01). "Trump: We are getting out of Paris climate deal". TheHill. Retrieved 2017-06-01. 
  3. "Paris climate deal: Trump announces US will withdraw". BBC News. 2017-06-01. Retrieved 2017-06-01. 
  4. Greenwood, Max (2017-06-01). "GE head fires back at Trump: 'Climate change is real'". TheHill. Retrieved 2017-06-01. 
  5. Etherington, Darrell. "Elon Musk leaving Trump advisory councils following Paris agreement withdrawal | TechCrunch". Retrieved 2017-06-01. 
  6. 6.0 6.1 "Editorial: In exiting Paris accords, President Trump squanders time and degrees". Detroit Free Press. Retrieved 2017-06-01. 
  7. "'I was elected to represent the citizens of Pittsburgh, not Paris': Trump to pull out of Paris climate agreement". Pittsburgh Post-Gazette. Retrieved 2017-06-01. 
  8. Pavlich, Katie. "BREAKING: President Trump Officially Pulls U.S. Out Of Paris Climate Agreement". Townhall. Retrieved 2017-06-01. 
  9. Dalton, Matthew (2017-06-01). "U.S. Withdrawal Leaves Paris Accord in Limbo". Wall Street Journal. ISSN 0099-9660. Retrieved 2017-06-01. 
  10. Andrew Pearce (6 December 2015). "Jeffrey Sachs: Fund Managers Have a Duty to Dump Fossil Fuels". Financial News. Retrieved 16 December 2015. 
  11. M. Nicolas J. Firzli (25 January 2016). "Investment Governance: The Real Fight against Emissions is Being Waged by Markets". Dow Jones Financial News. 
  12. Nicolas Firzli and David Weeks (April 2017). "6th World Pensions Forum held in London: Greening, Governance and Asset Ownership" (PDF). REVUE ANALYSE FINANCIÈRE. Retrieved 1 June 2017. 
  13. Mckibben, Bill (2017-06-01). "Trump’s Stupid and Reckless Climate Decision". The New York Times. ISSN 0362-4331. Retrieved 2017-06-01. 
  14. NBC News [NBCNews] (June 1, 2017). "JUST IN: Statement from President Barack Obama on the Paris Climate Accord" (Tweet) – via Twitter. 
  15. "Barack Obama Rues That U.S. Is No Longer Leader on Climate Change as President Trump Pulls Out of Paris Accord". PEOPLE.com. 2017-06-01. Retrieved 2017-06-01. 
  16. "Al Gore Blasts Trump for Exiting Paris Climate Deal". The Hollywood Reporter. Retrieved 2017-06-01. 
  17. Thomsen, Jacqueline (2017-06-01). "Schumer: Trump tells Earth to 'drop dead'". TheHill. Retrieved 2017-06-01. 
  18. Manchester, Julia (2017-06-01). "GOP senator 'disappointed' Trump withdrawing from climate deal". TheHill. Retrieved 2017-06-01. 
  19. Chalfant, Morgan (2017-06-01). "Biden: Paris climate deal exit ‘imperils’ national security". TheHill. Retrieved 2017-06-01. 
  20. Potenza, Alessandra (2017-06-01). "Three US states rebel against Trump's Paris climate agreement withdrawal". The Verge. Retrieved 2017-06-01. 
  21. "Statement by the Prime Minister of Canada in response to the United States' decision to withdraw from the Paris Agreement". Government of Canada. June 1, 2017. 
  22. "EU regrets U.S. withdrawal from climate deal, will seek other allies". Reuters. Thu Jun 01 19:59:55 UTC 2017. Retrieved 2017-06-01.  Check date values in: |date= (help)
  23. EndPlay (2017-06-01). "German Chancellor Angela Merkel says she regrets US climate move, will keep working to 'save our ...". WSBTV. Retrieved 2017-06-01. 
  24. 24.0 24.1 24.2 "France, Italy, Germany defend Paris Accord, say cannot be renegotiated". Reuters. Thu Jun 01 20:48:43 UTC 2017. Retrieved 2017-06-01.  Check date values in: |date= (help)
  25. "Merkel says she will help 'save our planet' after Trump's withdrawal from Paris Agreement". The Independent. 2017-06-01. Retrieved 2017-06-01. 
  26. https://qz.com/837262/if-trump-pulls-out-of-the-paris-agreement-europe-could-institute-a-carbon-tax-on-us-imports/
  27. Press, Associated. "France, Germany and Italy to Trump: Paris Agreement Can't Be Renegotiated". Time. Retrieved 2017-06-01. 
  28. Hensch, Mark (2017-06-01). "Vatican official: US exiting Paris deal would be ‘slap in the face’". TheHill. Retrieved 2017-06-01. 
  29. Fussell, Sidney. "Vatican Compares Trump to Flat Earthers Over Climate Change". Gizmodo. Retrieved 2017-06-01. 
  30. Fussell, Sidney. "Vatican Compares Trump to Flat Earthers Over Climate Change". Gizmodo. Retrieved 2017-06-01. 
  31. Greenwood, Max (2017-06-01). "GE head fires back at Trump: 'Climate change is real'". TheHill. Retrieved 2017-06-01. 
  32. "Elon Musk is officially leaving Trump's advisory councils after US withdraws from Paris climate deal". Business Insider. Retrieved 2017-06-01. 
  33. Etherington, Darrell. "Elon Musk leaving Trump advisory councils following Paris agreement withdrawal | TechCrunch". Retrieved 2017-06-01. 
  34. "Trump exits Paris climate deal, spurns Elon Musk". CNET. Retrieved 2017-06-01. 
  35. Horowitz, Julia (2017-06-01). "Elon Musk to Trump: You quit Paris, so I quit you". CNNMoney. Retrieved 2017-06-01.