Fact check: Trump's reasoning behind climate pact pullout has holes

Mr Trump's decision to back away from investing in renewables is totally in line with public opinion.in 2012.

He said he withdrew from the accord because it gave other countries a financial advantage over the United States.

Under the Paris accord, the USA sent some $1 billion to the Green Climate Fund that is guided by the U.N. Framework Convention on Climate Change - the body that coordinates worldwide climate policy.

"Americans will honor and fulfill the Paris Agreement by leading from the bottom up - and there isn't anything Washington can do to stop us", said Bloomberg, the former New York City mayor who now serves as the U.N.'s special envoy on cities and climate change.

"What you have is a president making a nonbinding withdrawal from a nonbinding agreement", said Kevin Book, an analyst with ClearView Energy Partners.

Trump announced plans Thursday to withdraw from the Paris Agreement and seek a new deal on climate change, arguing the accord hurt American businesses and was unfair to taxpayers.

USA cities, states and businesses can fulfil commitments made by the United States under the Paris climate change agreement even though the US has withdrawn from the pact, former NY mayor Michael Bloomberg said in Paris.

Peduto's order also aims to advance carbon-neutrality goals throughout the city, including adopting energy-efficiency standards for buildings, using renewable-energy sources for public transportation and increased land conservation and urban agriculture efforts.

She added that the global climate would "survive" Trump's maximum presidential term of eight years.

THE FACTS: This study was paid for by two groups that have long opposed environmental regulation, the U.S. Chamber of Commerce and the American Council for Capital Formation. The Paris deal "really put an extraordinary burden on the economy while allowing some countries around the world like China and India go a decade or more without any accountability for reducing C02 emissions", Pence said.

Exxon also faces pressure from shareholders, who voted this week for more disclosure about the impact of climate-change regulation on Exxon's business. That study was based on a scenario in which the United States would cut 26 percent to 28 percent of emissions by 2025, and did not factor in the possible benefits of battling climate change.

Speaking to European business leaders alongside Li, Juncker said EU-China ties are underpinned by "a rules-based global system". Collectively, these actors remain committed to the Paris accord. "Any long-term investment is going to have to consider the world after Trump". Jake Jacoby said the actual global impact of meeting targets under the Paris accord would be to curb rising temperatures by 1 degree Celsius, or 1.8 degrees Fahrenheit.