Asian Markets Soar After Trump's Paris Withdrawal Announcement

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03 June, 2017

"Within the Trump administration there are obviously leading members of the administration who have said quite openly that climate change is real, it's happening and it's a big problem which will not go away if we ignore it", WMO spokeswoman Clare Nullis said.

Notably, Michael Bloomberg, the former mayor of New York City, is coordinating an effort among leaders, businesses and universities to formally submit a plan to the United Nations that pledges to meet the USA targets drawn up in the agreement, the Times said.

The 75 year-old Bloomberg, mayor of New York City 2002-2013, is considered by Forbes magazine the eighth richest person in the world.

Leonardo DiCaprio, Oscar-winning actor and environmental crusader, is not here for President Trump's position on climate change.

"I made the U.K.'s position clear to President Trump last week at the G-7 meeting, as did the other G-7 leaders, and I made the position clear to President Trump last night".

"It's not what China needs to do, it is not about what the U.S. has pushed China to do: quite the contrary, it's what China wants to do". The move was opposed by his daughter Ivanka Trump, secretary of state Rex Tillersen and industry leaders such as Tesla's Elon Musk, ExxonMobil's Darren Woods, Apple's Tim Cook and Facebook's Mark Zuckerberg.

During his June 1 speech (Washington time), Trump declared, "In order to fulfill my solemn duty to protect America and its citizens, the United States will withdraw from the Paris climate accord".

Kimmel also noted the only two countries not on board the accord, which unifies nations in an effort to combat climate change, are Nicaragua and Syria.

"But in this case, the one with the greatest capacity to ensure justice is served is in fact becoming the bully", he said.

This administration is abdicating its leadership and taking a backseat to other countries in the global fight against climate change. In his announcement at the White House, Mr Trump repeated his campaign promise: to bring back the USA coal industry and manufacturing jobs for American workers.

In a joint statement, France, Germany and Italy said the climate deal could not be renegotiated. "The impacts have been estimated to be likely to reduce global temperature rise by less than 0.2 degrees Celsius in 2100".

Fellow Republican, former California Governor Arnold Schwarzenegger, has lashed out at President Donald Trump for pulling out the United States of America out of Paris Climate deal on Friday.

Climate scientist Michael Mann, director of the Earth System Science Center at Pennsylvania State University, took particular exception to Trump's comment, tweeting yesterday: "Donald Trump just lied to the world".


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