Buildings Across the Planet Turn Green for Paris Climate Deal

Shutterstock

The Paris Agreement - agreed in December 3015 and entered into force in November a year later - aims to strengthen the global response to the threat of climate change, in the context of sustainable development and efforts to eradicate poverty.

The Obama administration declared the deal "the most ambitious climate change agreement in history", and the US and China, two of the world's largest polluters, ratified the agreement last December.

Trump announced Thursday that his administration would immediately stop implementing the 195-nation accord brokered by Barack Obama in 2015 in tandem with Chinese leaders.

He said he would seek to negotiate a better deal for the United States, but was dismissive of the possibility that the United States might not get one.

Trump also faced a backlash at home where Democratic state governors, city mayors and powerful companies drew up plans to meet the pact's greenhouse gas emission targets.

Bloomberg, the former New York City mayor who Forbes estimates has amassed a $50 billion fortune, said on Twitter the world "can't wait for governments to act on climate change".

Expressions of shock and regret poured in from around the world, including from Pacific islands at risk of being swallowed by rising seas, who accused Washington of "abandoning" them. In a statement, Sierra Club Executive Director Michael Brune calls Trump's decision "one of the most ignorant and risky actions ever taken by any president".

On Thursday, Trump claimed the Paris Agreement placed "onerous energy restrictions" and a "draconian financial and economic burden" on the U.S.

"Trump's decision to ignore the vast majority of the American public and the scientific community will harm our country, costing us lives, jobs and our role as a world leader. And they won't be". McConnell adds, "By withdrawing from this unattainable mandate, President Trump has reiterated his commitment to protecting middle-class families across the country and workers throughout coal country from higher energy prices and potential job loss".

"There is nothing to renegotiate here", European Union climate commissioner Miguel Arias Canete told reporters in Brussels.

"In Paris, the world reached an unprecedented agreement to drastically lower carbon emissions and limit global warming to protect our planet".

Trump's decision is likely to play well with the Republican base, with the more immediate damage likely to appear on the diplomatic front.

Those companies expressed their disappointment after Trump announced his decision. However, environmentalists; energy stakeholders; USA and foreign officials; major corporations, including Apple, Google and Walmart; and even oil giants, such as BP and Shell, had urged Trump to stay in the agreement. Tesla Chief Executive Officer Elon Musk and Disney CEO Robert Iger both said they would give up their positions on the president's business advisory council because of his decision that even national security organizations have advised were important deterrents to global unrest.

Also on Friday, the Intergovernmental Panel on Climate Change (IPCC) - the global body for assessing the science related to climate change, which provides a scientific basis for governments at all levels to develop climate related policies - underscored that scientific evidence behind climate change is clear.

Related News:

  • Immunomedics, Inc. (IMMU) Coverage Initiated at Cowen and Company

    One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Hal Mintz decreased its stake in Immunomedics Inc ( IMMU ) by 83.18% based on its latest 2016Q4 regulatory filing with the SEC.

    Axa Has $1.33 Million Stake in Itau Unibanco Banco Holding SA (ITUB)

    The stock of Itau Unibanco Holding SA (ADR) (NYSE:ITUB) has "Underperform" rating given on Tuesday, October 13 by Credit Suisse. The Axiom International Investors Llc holds 13.99 million shares with $143.86M value, down from 14.83 million last quarter.
    Defiant North Korea launches multiple missiles

    Defiant North Korea launches multiple missiles

    On Tuesday, Sputnik reported the withdrawal of USA aircraft carriers from the Sea of Japan - in North Korea's front yard. Analysts say the environmental test would make it hard for the four launchers to be deployed this year.
  • Nugent, after GOP shooting: No more 'hateful rhetoric'

    Nugent, after GOP shooting: No more 'hateful rhetoric'

    He even complimented Williams, who is left-leaning Independent with a show on Fox News, on her "civil discourse". Nugent added that he now has to take a "deep breath" and focus his energy on music.
    Adorable Young Penguins Fan Cries After Sidney Crosby Signs His T-Shirt

    Adorable Young Penguins Fan Cries After Sidney Crosby Signs His T-Shirt

    Fleury may have played his final game for the Penguins after being drafted first overall by the franchise in 2003. The celebration of the Pittsburgh Penguins comes after they won their fifth Stanley Cup on Sunday night.
    School yearbook to be reissued with pro-Trump photos

    School yearbook to be reissued with pro-Trump photos

    "Therefore, I have determined that a re‐issuance of the yearbook is necessary", she continued. The school board is expected to discuss further discipline at its Tuesday meeting.
  • Amazon releases teaser trailer for Transparent season 4

    Season 4 of Amazon's Emmy-winning dramedy doesn't have a premiere date yet, but prior seasons have premiered in the fall. "From acclaimed creator JILL SOLOWAY comes Season Four of TRANSPARENT , victor of eight Emmys and two Golden Globes".

    Champions Trophy 2017: Australia braced for 'quarter-final' battle with hosts England

    The duo appeared to be taking the game away from England but Morgan kept faith in his bowlers to provide breakthrough to which they delivered.
    Egypt police disburses small protests against islands deal

    Egypt police disburses small protests against islands deal

    As legal action rumbles on, the matter will next be taken up by the Supreme Constitutional Court. The ruling was, however, overturned by another court a few months later.
  • Buffon hails Madrid class after final heartbreak

    Buffon hails Madrid class after final heartbreak

    Until now, no team since AC Milan in 1989 and 1990, when the cup was only a knockout competition, had won back-to-back titles. And to compound their misery, Asensio beat Buffon again as the 39-year-old goalkeeper missed out on a first European title.

    Credit Agricole SA Has $27.34 Million Position in Dollar Tree, Inc. (DLTR)

    For now, Dollar Tree, Inc.is the toast of Wall Street as its ABR stands at 2.40 with 7 out of 26 analysts rating the stock a buy. Credit Suisse raised its rating on Dollar Tree, Inc.to Neutral on 23/03/2017 in a reversal from its prior Underperform rating.

    Amazon buying Whole Foods for $13.7billion

    The sale, which has not yet been approved by Whole Foods shareholders, is expected to be concluded in the second half of 2017. Excluding debt, the deal is valued at $13.39 billion, based on 318.9 million diluted shares outstanding as of April 9.


Most liked

Real Madrid reject Manchester United's bid for striker Alvaro Morata
A move for Werder Bremen's Max Kruse has also been mooted, while Everton's Romelu Lukaku remains a top target for Mourinho. UNITED have reportedly lodged a bid for Real Madrid forward Alvaro Morata .

Leicester City signs Harry Maguire
On Thursday, Leicester completed a deal to sign central defender Harry Maguire from Hull for a reported fee of £17m. Maguire made a total of 36 appearances in the 2016/17 season for Hull, who were relegated from the EPL.

Amazon is buying Whole Foods in $13.7B deal
Whole Foods will keep operating stores under its name and John Mackey will as CEO, with headquarters in Austin, Texas. Amazon and Whole Foods expect to close the deal during the second half of 2017.

Gunman Asked About Republicans Or Democrats During Alexandria Baseball Practice
Members usually wear uniforms representing their home states and districts. Williams has been the coach of the team since he joined Congress in 2013.

Special Counsel Looking Into Possible Obstruction of Justice by Trump
Trump said this after the hearings and has offered to speak, under oath, to special counsel Robert Mueller . Al Franken (D) of Minnesota and Patrick Leahy (D) of Vermont have sought an FBI investigation.

North Korea prisoner's dad isn't buying Pyongyang's coma explanation
Warmbier said the Obama administration urged the family to maintain a low profile while the administration tried to retrieve Otto. Trump called the family last night, Fred Warmbier said. "We are so grateful that he will finally be with people who love him".

Microsoft won't be making any money on the Xbox One X
The price tag of $499 is actually right on the money for many analysts, as the price is what many predicted for the Xbox One X . Beyond Phil Spencer, Microsoft has been very quiet on the possibility of VR support on the Xbox One X .

Trump Says Obstruction Of Justice Probe Based On 'Phony Story'
Comey testified that initial explanations that he was sacked because of poor leadership were "lies, plain and simple". In his latest tweet , the president seemed to confirm he is under investigation for possible obstruction of justice.

Grief turns to anger in neighbourhood near tower fire
Queen Elizabeth II and Prince William visited an aid distribution site Friday for the tower's residents and met with volunteers. At present, 17 people have been confirmed dead, with emergency crews fearing more than 100 people may have died in the inferno.

Fiat Chrysler CEO says 2018 targets unaffected by diesel woes
The EPA notice was the result of a probe that arose out of regulators' investigation of rival Volkswagen AG's (VOWG_p.DE) excess diesel emissions.

Deflated Wawrinka says was too hesitant in French Open final
Wawrinka will be the third oldest victor of the men's title if he succeeds against all the odds on Sunday. Sunday was also the first time since 1969 that the Roland Garros final had featured two men over 30.

Malik Monk to workout for 76ers on Thursday
Projected No. 1 pick Markelle Fultz of Washington, who is 6-4, has a 6-9¾ wingspan. "I think I did a pretty good job", Monk said. How would Monk describe his passing ability? "I think I felt comfortable with whatever they put me through".

Here's what you need to know about the Otto Warmbier controversy
A Department of State spokeswoman won't say what envoy Joseph Yun gleaned about the medical conditions of the other Americans. Instead, the doctors told reporters that the more likely cause of Warmbier's condition is cardiopulmonary arrest.

650000 fans at parade cheer Penguins for Stanley Cup win
It would have been nice for a relatively new team to win its first Stanley Cup but I had no vested interest in the outcome. We couldn't do it without you. " Thanks for showing up today, and let's try to do this again next year".

Aadhaar mandatory for opening bank A/c, transaction over Rs50K
The notification comes close on the heels of the Supreme Court upholding government's move of linking Aadhaar with PAN cards. And for existing account, the account must be linked with their Aadhar number by 31st December.