There are extensive reports in both print and broadcast media that Trump will today announce US departure from the Paris Agreement. Although it remains possible that this information is incorrect we are issuing this advisory in response to these reports.
In a blow to the US economy and the environment, it is being reported that the White House will today announce the US is pulling out of the UN Paris Agreement.
This move would damage US influence on a wide range of other global issues and would be yet another repudiation of some of its closest traditional allies. It would also provide China with a massive opportunity to seize global leadership from the US on climate change and low carbon investment.
Global stability depends on governments sticking to the agreements they make. If confirmed this afternoon, this arbitrary and inexplicable act by President Trump undermines confidence in the future of every international agreement to which the US is a party.
The act would also be a slap in the face to some of Trump’s most respected senior Cabinet members, including Secretary of State Rex Tillerson. A majority of Americans support remaining in the Paris Agreement, as do many of the country’s largest and most successful companies including Starbucks, Nike, Google and Apple.
Tom Burke, Director of E3G said:
“The rest of the world has already made up its mind to make the transition out of fossil fuels and though this decision is clearly a blow to climate diplomacy it will have little effect on what happens in the real energy economy which is increasingly driven by innovation, efficiency and falling costs.”
Taylor Dimsdale, Head of Research at E3G said:
“Paris was a great deal for America. Pulling out of the agreement would put the US at a disadvantage in the multi-trillion dollar market for clean energy technologies, while at the same time making the US look untrustworthy to its closest allies.”
Camilla Born, Policy Advisor at E3G said:
“Trump would be doing a profound disservice to the US and the rest of the world. With climate impacts already a daily reality it is more important than ever to unite our efforts to protect citizens and economies. Pulling out of Paris does just the opposite.”