What was in the Paris Climate Agreement?
What happens nowGiven the problems experienced at previous talks, the reaching of this agreement was seen as a massive victory for the planet. The only countries that did not sign up to the pledge were Syria and Nicaragua, and the latter did not sign up because they didn’t think the proposals went far enough. And although some important polluters like Russia have not yet formally ratified the agreement, everything appeared to be going well until Donald Trump pulled out of the deal. Trump’s decision comes after a series of heated discussions and late night talks with EU leaders and the Chinese government. But in the wake of the US president’s decision to leave, those opposed have presented a united front, solidifying their commitment to the deal. Several prominent US firms, including Microsoft, Apple, Google and Facebook, also asked Trump to reconsider remaining in the agreement and Elon Musk, founder of Tesla, has since left his White House advisory role. In a private phone call to the president, Theresa May said she was "disappointed" with Trump's decision and reaffirmed the UK's commitment to the agreement, but she did not join with French, German and Italian governments in issuing a jointly worded condemnation of the president’s decision. It is thought that in the wake of the debate, other leaders could be more likely to go back on their commitment to the deal. It could upset the balance of the deal if some countries are perceived to be drawing an ‘unfair’ advantage from not being in the deal. In his speech announcing the decision to leave the Paris climate agreement President Trump said, “So we are getting out, but we will start to negotiate and we will see if we can make a deal that’s fair”. This suggestion was met with a frosty reception by other signatories of the climate deal, including Emmanuel Macron who has become one of Trump’s most vocal critics. Although other world leaders including Vladimir Putin have been more supportive of the US President, Trump may now discover that cooperation from other countries is not as forthcoming on his priorities, such as combating international terrorism.
Published by Utility Helpline on (modified )
Wholesale Energy Prices Update 16/08/2019
Wholesale Energy Prices Update 09/08/2019
Wholesale Energy Prices Update 02/08/2019
Climate Change Levy Increase: How it Will Affect Your Business
What Factors Influence Business Energy Prices?