Trump pulling US out of Paris climate deal - Axios report

Renewable energy expected to continue growth despite Trump

Renewable energy expected to continue growth despite Trump

A broad range of outsiders have lobbied Trump to remain part of the global pact, from former vice president Al Gore to Pope Francis.

During Trump's overseas trip last week, European leaders pressed him to keep the U.S.in the landmark agreement. Trump has refused to sit down with environmentalists about the accord. "The president ran on growing our economy".

Polluting industries such as oil and coal are highly automated and are unlikely to embark on a major hiring spree even if the United States dropped out of the Paris agreement, experts say. A study a year ago in the journal Nature Climate Change said America will probably only reach four-fifths of that goal.

Trump on Wednesday declared that abandoning the Paris climate agreement would be a victory for the American economy. The White House didn't immediately respond to a request for comment.

Cloud Peak Energy Inc CLD.N had also urged the Trump administration to stay in the Paris deal to prevent other nations from an aggressive turn against the global coal industry.

Republican Sen. Chuck Grassley said the climate accord wasn't a good deal for America.

University of Oklahoma meteorology professor Jason Furtado said blowing past the 2-degree mark would be a potential "tipping point" that would lead to "a new and irreversible state in the climate system".

Others cheered the notion that Trump might soon kill the climate agreement that had been an Obama legacy item.

Still, fracking, or hydraulic fracturing - a principal means of natural gas extraction - also faces stiff criticism for its environmental impacts.

"Withdrawing from the Paris agreement is hardly going to create jobs in the US", says Cary Coglianese, professor at the University of Pennsylvania and editor of the book "Does Regulation Kill Jobs?"

"The EU and China consider the Paris Agreement as an historic achievement further accelerating the irreversible global low greenhouse gas emission and climate resilient development", the statement says.

The European Union and China indicated they would press ahead with the deal, regardless of United States participation.

In a jibe at the US administration, Juncker told the audience at an event of the Confederation of German Employers in Berlin that "not everything that is written in global agreements is fake news". Juncker says, "This notion, 'I am Trump, I am American, America first and I am getting out, ' that is not going to happen". We tried to explain that to Mr. Trump in Taormina in clear German sentences.

California can help China as it looks to build a national carbon market this year, a priority for President Xi Jinping, said Susan Shirk, chairwoman of the 21st Century China Center at the University of California, San Diego. Taormina is the Sicilian resort town where the Group of Seven leaders met last week.

Supporters of the climate pact are concerned that a USA exit could lead other nations to weaken their commitments or also withdraw, softening an accord that scientists have said is critical to avoiding the worst impacts of climate change.

Agribusiness giant Monsanto told AFP it was "committed" to helping "farmers adapt to and mitigate climate change".

The EU official involved in organizing the EU-China meeting said it would will "send important signals for the multinational system", as Trump moves to unpick some of the worldwide trade agreements the US has signed up to.

The only other two countries in the United Nations that did not support the deal are Nicaragua and Syria.

A downward revision would certainly prompt criticism from the global community, but not almost so much as an abandonment. The companies said it would reduce competitive imbalances for US companies, expand the market for innovative clean technology and reduce business risks posed by future negative climate impacts. Rather, every nation under the agreement pledges to do the best it can, and to participate in a process in which nations will regularly increase their ambitions over time. Like his boss, the EPA head has questioned the consensus of climate scientists that the Earth is warming and that man-made emissions are to blame. Here's what you need to know.

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