Under this agreement, China, for example, will be able to increase these emissions by an astonishing number of years – 13. They can do whatever they want for 13 years. We don`t. India is conditional on its participation in receiving billions and billions of dollars in foreign aid from industrialized countries. There are many other examples. But at the end of the day, the Paris agreement is very unfair, at the highest level, to the United States. Thus, the United States will cease today all implementation of the non-binding Paris Agreement and the draconian financial and economic burdens that the agreement imposes on our country. It also means ending the implementation of the national contribution and, most importantly, the Green Climate Fund, which is costing the United States a huge fortune. We have one of the most frequent energy reserves in the world, enough to lift America`s poorest working people out of poverty.
But as part of this agreement, we are effectively locking up these reserves and taking the great wealth of our nation – it is a great wealth, it is a phenomenal wealth. Not so long ago, we had no idea that we had such wealth and that we were leaving millions and millions of families trapped in poverty and unemployment. Risks are increasing because, historically, these agreements only become ambitious over time. In other words, the Paris framework is a starting point, no matter how bad, it is not an end point. And the exit from the agreement protects the United States from future violations of U.S. sovereignty and from any future massive legal liability. Believe me, we have a massive legal responsibility if we continue to do so. While he is credited with introducing the indictment into the agreement, some have criticized him for failing to implement lasting changes in the climate fight. Climate lawyer David Bookbinder wrote in Vox in 2017 that Obama`s climate change policy only began after his re-election, largely because he was afraid of the political consequences that might follow. President Trump made Paris an important part of his election platform in 2016, linking it in his vision of a revitalized America with booming energy production, especially coal and oil. The Paris Agreement has been essential for many corporate promises, including Amazon and Cargill. The historically right-wing group of the U.S.
Chamber of Commerce opposes the president`s decision to withdraw from the agreement. “We remain committed to working with all U.S. groups and partners around the world to accelerate the fight against climate change and with all signatories to ensure the full implementation of the Paris Agreement,” he added, adding that there is no greater responsibility than to protect our planet and our people from the threat of climate change. Science is well aware of the urgent need to act and work together to reduce the effects of global warming and to ensure a greener and more resilient future for all of us. Trump`s exit from the Paris accord will have an impact on other countries by cutting financial assistance to the Green Climate Fund.  The end of US funding of $3 billion will have a final impact on climate change research and will reduce society`s chances of meeting the Paris Agreement goals and omit U.S. contributions to future IPCC reports.   Trump`s decision will also affect CO2 emission space and carbon prices.
 The withdrawal of the United States will also mean that the place where the global climate regime can be adopted will be accessible to China and the EU.  China is allowed to build hundreds of other coal-fired power plants. Therefore, we cannot build the facilities, but they can, in accordance with this agreement. India can double its coal production by 2020. Remember: India can double its coal production. We have to get rid of it. Europe can also continue to build coal-fired power plants. Pompeo assured him that the United States would help, but said