Finance

Emanuel Calls Reported US Withdrawal From Paris Accord 'Alarming'

Emanuel Calls Reported US Withdrawal From Paris Accord 'Alarming'

Megan Bowman, a law lecturer at King's College, London, said the four-year waiting period was partly meant to insulate the agreement from a shift to a Republican presidency after Democratic President Barack Obama.

Boston Mayor Marty Walsh also urged Trump not to pull out of the climate deal.

Trump tweeted on Wednesday night that he would announce his decision at 3pm ET on Thursday at the White House and there are fears that will he confirm reports thatthe United States will soon join Nicaragua and Syria on the small list of countries refusing to back the climate accord, signed in 2015.

If the U.S. backs out of the Paris Agreement, what would that look like?

He was to meet later Wednesday with Secretary of State Rex Tillerson, who has favored remaining in the agreement. "It sends a combative signal to the rest of the world that America doesn't prioritize climate change and threatens to unravel the ambition of the entire deal".

U.S. Sen. Elizabeth Warren, a Democrat, tweeted that Trump is "about to surrender U.S. climate leadership on the world stage by pulling out of the Paris Agreement".

The official is involved in preparing the meeting between EU Council President Donald Tusk, Juncker and Chinese Premier Li Keqiang, but can't speak on the record because their meeting statement wasn't finalized.

A small team including Environmental Protection Agency chief Scott Pruitt is working on the details of how the withdrawal will be executed, the Axios news site reports, quoting unnamed sources.

Hundreds of high-profile businesses have spoken out in favor of the deal, including Apple, Google and Walmart.

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In the worst case "the US could make it more hard to adopt the Paris rules", said Daniel Bodansky, a law professor at Arizona State University.

Even major oil firms like Chevron and BP have publicly backed the deal.

America is the world's second-biggest carbon dioxide emitter after China so its withdrawal would have a real impact.

Currently, the United States has committed to reducing carbon emissions between 26 and 28 percent below 2005 levels by 2025.

According to Hua, fighting climate changes is a serious global challenge, as no country can develop without taking the issue into account.

A top European Union official said Europe was ready to assume leadership on combating climate change. He has spent his first months in office working to delay and roll back federal regulations limiting greenhouse gas emissions while pledging to revive long-struggling USA coal mines.

Scientists say that the earth is likely to reach more unsafe levels of warming even sooner if the USA retreats from its pledge because America contributes so much to rising temperatures.

But Trump's chief White House economic adviser, Gary Cohn, told reporters during the trip overseas that Trump's views on climate change were "evolving" following the president's discussions with European leaders.

"By expanding markets for innovative clean technologies, the agreement generates jobs and economic growth", the letter says. Its shares were down more than 4 percent to $3.27. Supporters of the deal say it's not an either-or choice.


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