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Implications Of Us Withdrawal From Paris Agreement

In April 2017, a group of 20 MEPs from the right-wing alternative for Germany, the UK Independence Party and other parties sent a letter to Trump asking him to withdraw from the Paris Agreement. [27] [28] On May 25, 2017, 22 Republican senators, including Senate Majority Leader Mitch McConnell, sent a two-page letter to Trump asking him to withdraw the United States. in the Paris Agreement. [173] [174] The companies were: the main objective of the agreement is to keep the increase in global average temperature well below 2°C compared to pre-industrial levels, including by reducing greenhouse gas emissions. The agreement differs from the 1997 Kyoto Protocol, the last widespread amendment to the UNFCCC, in the absence of annexes aimed at reducing the liability of developing countries. On the contrary, emissions targets for each nation were negotiated separately and must be applied voluntarily, leading U.S. officials to view the Paris Agreement as an executive agreement and not a legally binding treaty. This dispelled the requirement for the U.S. Congress to ratify the agreement. [20] In April 2016, the United States became a signatory to the Paris Agreement and accepted it by executive order in September 2016. President Obama has committed the United States to contribute $3 billion to the Green Climate Fund. [21] The Fund has set itself the goal of raising $100 billion a year by 2020. .