Vestas sees major wind investments continuing despite US withdrawal from climate deal

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03 June, 2017

President Donald Trump faced a chorus of global disapproval Friday in the wake of his decision to pull the United States out of the Paris Agreement on climate change, with allies and rivals uniting to accuse him of failing future generations.

Merkel, whose country hosts this year's worldwide climate summit, said Trump's decision was "extremely regrettable and that's putting it very mildly". But he may be overstating how much it would have hurt the economy.

Yet the world's most populous country remains heavily reliant on coal to generate electricity and power its steel mills - a habit that could be hard to break without stifling its economic aspirations. Here's what you need to know.

Russian Federation joined the chorus speaking out for the climate accord. It demonstrates the U.S.is willing to back away from a coalition it assembled just 18 months ago.

"In Berlin, Greenpeace activists projected Trump's silhouette onto the side of the USA embassy along with the words "#TotalLoser, so sad!" "The Trump Administration must not only back the Agreement but be a driving force in tackling climate change". It will take all of us around the world, organising together, to hold the historic emitters like the USA under the watch of Donald Trump to account and ensure our governments also do their fair share of climate action in the next four years to keep global warming below 1.5 degrees.

Labour leader Jeremy Corbyn labelled Mr Trump's move to withdraw from the Paris Agreement as "reckless and dangerous" and accused Mrs May of "subservience" and a failure of leadership in not signing up to the statement. At that point, the USA enters a one-year waiting period before it's formally removed.

The decision could be reversed by the next president - or even Trump himself. As a result, the issue will be front and center during the 2020 presidential election campaign.

Trump offered no details about how, or when, a formal withdrawal would happen, and at one point suggested a renegotiation could take place. "We don't want other leaders and other countries laughing at us anymore".

Hours after Trump's announcement, Pittsburgh's mayor took to the airwaves to highlight the potential for grassroots climate change action by communities across the country. To be clear, that's not to say everything's rosey - far from it: a paper in Nature suggested that even with Obama's climate plans in place, the U.S. was due to overshoot its 2025 greenhouse gas targets by almost one billion tonnes.

Who are the winners and losers?

Today's move could potentially boost carbon-intensive industries, such as coal companies and heavy manufacturers, while reducing demand for low-carbon alternatives. On Thursday, he not only called the Paris accord a bad deal, he declared its rejection to be "a reassertion of America's sovereignty".

Schweitzer said other countries should stick to their commitments, but warned that attempting to compensate for the USA withdrawal by other countries redoubling their commitments would be self-defeating.

But as a statement of America's place in the world, it's enormous and devastating.

And that's why it is foolish for Trump to try to go it alone on climate change.

(AP Photo/Michael Sohn). A Greenpeace banner showing U.S. President Donald Trump and the slogan '#TotalLoser, so sad!' is projected on the facade of the U.S. Embassy in Berlin, Germany, Friday, June 2, 2017. "Many others have too". He described the pact as "very unfair" to the United States and beneficial to other major polluters, like China and India. A carbon budget is an estimate of the amount of carbon a country can emit into the atmosphere without the global average temperature rising by more than two degrees Celsius.

Is Trump right that India and China got off easy?

"For example, under the agreement, China will be able to increase these emissions by a staggering number of years - 13".

South Africa called the US pullout "an abdication of global responsibility".

To Washington's chagrin, China a year ago set up its own development bank to meet needs left unfilled by USA -led institutions like the World Bank.

Will it affect the USA economy? Trump declared Thursday he was pulling the U.


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