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US CEOs urge Trump to stay in Paris agreement
02 June 2017, 01:45 | Cedric Leonard
But the future of American involvement in the 2015 accord now hangs in the balance, as US President Donald Trump weighs up whether to withdraw the United States from the global pact.
The Kremlin said the climate deal will be less effective without its key participants. The president met with Secretary of State Rex Tillerson in Washington on Wednesday afternoon, and some news outlets reported that the White House was completing legal language related to an impending USA withdrawal.
Such a move would be a major break from worldwide partners that would isolate the United States in global efforts to curb global warming.
"President Trump is ceding the future to the Germans, the Chinese, the Indians, and other nations rather than having the United States continue to lead the world on clean energy solutions", said Sen.
It is uncertain whether he will withdraw from the deal - a process which could take up to three years - or if he will simply exit the United Nations Framework Convention on Climate Change from which the Paris climate agreement originated.
So, if abiding by the terms of the agreement don't accomplish what we need and only serve to jeopardize the health of the American economy, then why move forward with it? Don't forget. It's not even man-made climate change.
The document will be published on Friday after a summit in Brussels.
In March, the US President rolled back Mr Obama's record on climate change with a series of executive orders undermining America's commitment to tackling global warming.
Globally, renewable power is surging, with sustained investment transforming the world's energy system.
"Global climate change is a threat to the economy", says Mark Zandi, chief economist at Moody's Analytics.
President Donald Trump says he will announce his decision on the Paris accord this afternoon.
On Tuesday, Modi said in Berlin that it would be a "crime" to spoil the environment for future generations as the world awaits a decision on USA climate policy.
Juncker pointed out that climate change was putting 83 countries at risk of disappearing from the map as sea levels rise.
Trump says on Twitter that he'll be making the announcement Thursday at 3 p.m.
But officials cautioned that details were still being finalized.
The White House did not confirm those reports, and it was unclear whether Trump would fully scrap U.S. participation, merely water down United States emissions objectives - or surprise everyone with a decision to follow the status quo.
The mayor of Paris, Anne Hidalgo, an outspoken critic of Trump, chimed in. After the meetings concluded, the USA refused to sign onto a statement of support for the Paris accord that all other G7 participants approved.
The Paris climate agreement was deeply flawed from its start. The Paris deal has been ratified by 147 out of 197 countries so far.
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