Quitting Paris pact, Trump abdicates leadership of the free world

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Merkel expressed regret over Washington's decision, but noted that it would not affect other parties to the agreement, and would instead make Germany, along with the nations of Europe and the world, more determined to unite their efforts in handling the climate change issue. Donald Trump said that the United States did not benefit from the Paris Climate Agreement and faced negative criticism from various political leaders as well as business giants.

During his election campaign, Trump repeatedly questioned the warnings of climate change and announced the possible departure from the Paris Agreement. Supporters of the accord, including some leading USA business figures, called Trump's move a blow to global efforts to curb the warming of the planet that threatens far-reaching consequences for this century and beyond.

But Britain did not sign a joint statement by the leaders of Germany, France and Italy, who said they regretted Trump's decision and insisted that the accord can not be renegotiated.

The process of departing the agreement then lasts for another year, meaning it would not be finalized until just weeks after the US presidential election in 2020.

On April 22, 2016, as many as 175 countries, including Russia, Germany, India, China and the United States, signed the agreement at a summit held at the United Nations headquarters. He has asserted that "global warming is a total, and very expensive, hoax!" and, "I don't believe in climate change".

"Americans will honour and fulfill the Paris Agreement by leading from the bottom up - and there isn't anything Washington can do to stop us", Bloomberg said.

"We don't want other leaders and other countries laughing at us any more". China is the world's biggest greenhouse gas emitter, followed by the US. Trump himself has been under huge pressure both by world leaders and also by the Pope himself to remain committed to the global warming.

Indian Prime Minister Narendra Modi - who is due to visit the White House shortly - has said failing to act on climate change would be "morally criminal".

"The political right and left have fought on climate action in part because they disagree about the means to fixing the problem, even though common ground exists".

When President Trump was touring the globe last week, world leaders got an opportunity to try and convince him of the critical importance of staying true to the Paris Accord.

Trump's decision has drawn worldwide condemnation, and has some experts predicting it could damage the US's global standing on environmental issues.

The countries that remain committed to the 195-nation Paris agreement have little incentive to give a better deal to the United States, the world's second-biggest polluter. Senate Majority Leader Mitch McConnell applauded Trump "for dealing yet another significant blow to the Obama administration's assault on domestic energy production and jobs".

Chinese Prime Minister Li Keqiang and top officials from the European Union indicated they were set to reaffirm their commitment to the Paris document later on June 2 in Brussels. The administration also has halted efforts to clear the U.S. Clean Power Plan from court challenges and already relaxed enforcement of some environmental regulations.

"Today's decision is a setback for the environment and for the U.S.'s leadership position in the world", Goldman Sachs Chief Executive Lloyd Blankfein wrote on Twitter.

Elon Musk, CEO of Tesla and SpaceX, announced on Thursday that he is carrying out his threat to leave the White House business advisory councils in reaction to Trump's foolish move.