President Trump To Withdraw The U.S. From Paris Accord: Axios

Axios reports this morning that President Trump decided to withdraw the U.S. from the 2015 Paris Accord dealing with climate change and green house emission mitigation which 147 countries have already ratified and went into effect on November 4, 2016.

According to Axios, the details of the withdrawal from the Paris Accord are currently being worked out by Environmental Protection Agency Director Scott Pruitt who previously worked as Attorney General in Oklahoma against environmental regulations and was closely aligned with the fossil fuel industry.

Axios reports that the Trump administration is currently trying to decide on whether to execute a formal withdrawal which could take 3 years or exit the climate change treaty which will faster but more extreme.

Reportedly, a letter from 22 Republican Senators, including Senator Mitch McConnell, prompted President Trump to seek the withdrawal.

Last week at the G7 meeting in Sicily, Italy President Trump was the only G7 leader who refused to endorse the 2015 Paris Accord.

President Trump later tweeted that he would make a decision this week about whether he would honor the climate change accord.

The aim of the Paris Agreement is to limit greenhouse emissions and to hold the increase in the global temperature to well below 2 degree Celsius above pre-industrial levels and to pursue efforts to limit the temperature increase to 1.5 degree Celsius above pre-industrial levels.

The agreement stated it would enter into force and become effective only if 55 countries producing 55 percent of greenhouse emissions ratify the agreement.

The United States is currently the 2nd largest greenhouse gas emitter behind China and accounts for nearly 15 percent of global greenhouse gasses.

The move to withdrawal from the 2015 Paris Accord concerning climate change, which former President Barack Obama helped to lead during his presidency, will likely face criticism from environmentalists across the world.

Written and Edited By:

Johnathan Schweitzer



About Johnathan Schweitzer 1564 Articles

Welcome to Schweitz Finance. I hope that my financial website will provide you with relevant market information to help you manage your investments with greater clarity and insight.

Contact: Website