Published: Fri, June 02, 2017
Money | By Armando Alvarado

Paris climate deal not tough enough on China, India: Donald Trump

Paris climate deal not tough enough on China, India: Donald Trump

President Donald Trump says he'll announce his decision on whether he'll pull the US out of the Paris climate accord during a Rose Garden event Thursday.

"On the one hand, I don't want to minimize the impact of U.S. withdrawal; it's a big deal", Diringer told Business Insider.

The US president complained that the accord signed under his predecessor President Barack Obama gives other countries an unfair advantage over US industry and destroys American jobs. But whether even China is willing to take on US' burden in real terms would only be visible in the actual climate negotiations that go on periodically behind closed doors and are often at variance from the optics that either countries makes or the global civil society present. And if we can, that's great. "Not us. India makes its participation contingent on receiving billions and billions and billions of dollars in foreign aid from developed countries", he said.

Even by withdrawing from the Paris Agreement, the US can still find a balance between promoting business and protecting the environment.

Although Trump announced the withdrawal from the agreement, he is still open to negotiating an alternative climate deal. "And they won't be". "Withdrawing from the Paris climate agreement is bad for the environment, bad for the economy, and it puts our children's future at risk", Zuckerberg said.

Trump's decision sparked an instant wave of indignation both at home and overseas, with Obama saying the move meant the USA was "joining a handful of nations that reject the future".

According to the rules of the agreement, the U.S. can only give notice of its withdrawal three years after the deal's entry into force in November 2016. Paul described the action as "great news for the economy" that "could save as many as 6 million".

By backing off the US commitment to address climate change, President Donald Trump leaves an opening for a chief economic rival, China, to expand its increasing dominance in the renewable energy industry.

But "Steel City" Mayor Bill Peduto took to Twitter to dispute the president's assertion.

Ever the showman, the 70-year-old had given his decision a reality-TV-style tease, refusing to indicate his preference either way until his announcement.

But America can't pull out of the accord immediately.

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In the process, Trump also revealed that his controversial chief strategist, Steve Bannon, who appeared to have fallen out of favor in recent months, has regained some of his once-immense clout.

Iger and Musk weren't the only corporate stalwarts to join the outcry over Trump's choice.

With over 60 U.S. mayors and a dozen governors supporting the Paris agreement, many cities and states are threatening to maintain the US's commitment to the accord even as Trump is pulling the nation out of it.

But officials cautioned that details were still being finalized.

China has been investing billions in clean energy infrastructure, as it battles to clear up the choking pollution enveloping its biggest cities.

The leader of Asia's other behemoth, Indian Prime Minister Narendra Modi, has said failing to act on climate change would be "morally criminal". Earlier this year, Xi made a high-profile speech in Davos, Switzerland, embracing at least the idea of an economic globalization that Western leaders like Trump are increasingly fleeing.

While the majority of world leaders are confident the agreement, meant to reduce global carbon dioxide emissions by up to 80 per cent by 2050, will survive the departure of the US, there is no doubt they are now considering America in a very different light to 12 months ago.

Political scientist Assoc Prof Bronwyn Hayward of the, University of Canterbury said she was "shocked" to hear Mr Trump's comments about climate change, even though his move was widely signalled ahead of time.

"I tell you firmly tonight: We will not renegotiate a less ambitious accord".

Since then a range of White House aides have refused to speculate on the president's views.

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