Business and Finance
Business and Finance
Trump's Paris climate exit will hit harder than in 2017
- U.S. withdrawal from the world's primary climate pact will have a bigger impact - in the U.S. and globally - than the country's first retreat in 2017, analysts and diplomats told Reuters.
The article from Reuters discusses the implications of the United States' withdrawal from the Paris Climate Agreement, which was officially completed under former President Donald Trump's administration. The exit, effective from November 4, 2020, has significant repercussions for global climate efforts. Despite President Joe Biden's intention to rejoin the agreement, the delay in U.S. re-entry means that the U.S. will miss out on crucial years of climate action, potentially undermining global efforts to limit temperature rises. The article highlights that the absence of U.S. leadership in climate initiatives during this period could lead to a loss of momentum in international climate policy, affect funding for climate projects, and reduce the pressure on other nations to meet their commitments. Furthermore, it notes that while the U.S. has been out of the agreement, other countries have continued to push forward with their climate goals, but the lack of U.S. involvement has made the task harder, especially in terms of technology transfer and financial support for developing countries.
Read the Full Reuters Article at:
[ https://www.reuters.com/world/trumps-paris-climate-exit-will-hit-harder-than-2017-2025-01-21/ ]
Read the Full Reuters Article at:
[ https://www.reuters.com/world/trumps-paris-climate-exit-will-hit-harder-than-2017-2025-01-21/ ]
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