02 June, 2017
OPEC and 10 other countries led by Russian Federation agreed last week to extend for nine months, to March, a production cut of 1.8 million barrels a day initially agreed on in November. He vowed during the election campaign to "cancel" the Paris agreement within 100 days of becoming president on January 20 in order to bolster United States oil and coal giant, which bankrolled his campaign.
Germany's DIHK Chambers of Commerce and the VDMA engineering industry association warned that USA companies could gain short-term advantages by Trump's decision.
Although Mr Trump has pulled the USA out of the deal, he insisted that he "will work to ensure that America remains the world's leader on environmental issues, but under a framework that is fair and where the burdens and responsibilities are equally shared among the many nations all around the world". Tweeting about it, he said: "We are deeply disappointed that the United States federal government has made a decision to withdraw from the Paris Agreement".
The Paris agreement commits signatories to efforts to reduce greenhouse gas emissions that cause global warming, which is blamed for melting ice caps and glaciers, rising sea levels and more violent weather events.
It is unclear how the United Nations will deal with an entity that is not considered an official country as there is no UN protocol for such a situation.
The White House decision to withdraw from the Paris climate deal has sparked widespread criticism from European leaders and beyond.
"The U.S.is already leading the world in energy production and doesn't need a bad deal that will harm American workers", it read.
China overtook the United States as the world's biggest emitter of greenhouse gases in 2007 but analysts see the U.S. withdrawal as an opportunity for China to burnish its image as a global leader. "France believes in you (the US), the world believes in you, but don't be mistaken on climate; there is no plan B because there is no planet B", Macron further said.
"This is a responsibility shouldered by China as a responsible major country and what China's development calls for", she said. The Paris accord came into effect on November 2016. He added, "In addition to being disappointed, I'm also angry".
Fiji's prime minister said Trump's announcement was "deeply disappointing". "We're going to keep working with our suppliers to help them do more to power their businesses with clean energy". "Let's not go backwards from the Paris Agreement", he said on Twitter.
She said the agreement, which Trump rejected because he said it would impose "unfair" costs on US industry, would ultimately result in more prosperity and greater opportunities for the world.
"It is hugely disappointing that President Trump is making the mistake in rowing back on the Paris Agreement".
"The decision of the United States is extremely regrettable - and I am expressing myself very reservedly", Merkel said. The president wants to increase fossil fuel output in an effort to revive the coal industry.