US officially exits from Paris Climate Agreement
 Source : NewsBharati  Date : 05-Aug-2017

Washington, August 5: Taking up a massive U-turn, the United States has officially informed the United Nations on Friday that it is withdrawing from the Paris Climate Agreement, a landmark 2015 global agreement to fight climate change.

 

Notably, the U.S. State Department has officially informed the United Nations it will withdraw from the Paris Climate Agreement in a document issued on Friday, but, however, left the door open to re-engaging if the terms improved for the United States.

The State Department issued a press statement in which it said that the United States would continue to participate in United Nations climate change meetings during the withdrawal process, which is expected to take at least three years. "The United States supports a balanced approach to climate policy that lowers emissions while promoting economic growth and ensuring energy security," the State department added in its press release. Meanwhile, the UN chief Antonnio Guterres asked the US to re-engage with the 2015 Paris climate agreement.

Interestingly, President Donald Trump in the month of June this year took a big u-turn and confirmed the withdrawal of US from Paris agreement saying that this agreement heavily ruins the job of Americans. But he also, at the time, said he would be open to renegotiating the deal, which was agreed by nearly 200 nations over the course of years drawing ridicule from world and business leaders who said that would be impossible.

 

US withdrawal will give a major setback to the global effort to address the warming planet. The Paris climate agreement aims to limit planetary warming in part by slashing carbon dioxide and other emissions from the burning of fossil fuels. Under the agreement, the US committed to reducing its emissions by 26 to 28 percent from 2005 levels by 2025. Interestingly, US has now entered in the league with Syria and Nicaragua as the world's only non-participants in the Paris climate agreement.