U.S. could "go back in" Paris Agreement

U.S. could

U.S. could "go back in" Paris Agreement

U.S. President Donald Trump announces his decision regarding the United States' participation in the Paris climate agreement in the Rose Garden at the White House June 1, 2017 in Washington, DC.

The Agreement required countries create their own climate action plans and restrictions, and the Agreement does not actually contain any formal penalties for nations that fail to meet their own self-imposed targets.

For his part, Trump seemed to take steps back from his statement withdrawing the US from the Paris agreement last summer and hinted that the USA might actually rejoin the agreement. It made it very hard for us to deal in terms of business.

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The president emphasised that he is not going to let the Paris agreement deny the US competitive edge. "According to some estimates, we would have had to close businesses in order to qualify by 2025". "I'm not going to let that happen", he added. "I feel very strongly about the environment", he said, adding that the United States wants "to have clean water, clean air, but we also want businesses that can compete". "I'm not going to let that happen". Then he launched into an unclear comparison. Whereas as an example China, by 2030, they dont kick in until 2030. "Russia, some place in the mid-1990s, that was their standard, and that was never a good standard because that was a dirty standard for the environment".

A full U.S. pullout could jeopardise global efforts to limit average warming to under 2°Celsius over pre-Industrial Revolution levels. But you'd never know that if you only took Trump's word for it.

Norway's power sector is nearly carbon neutral, with hydropower covering roughly 95% of domestic power generation, even though it is home to the biggest hydrocarbon reserves in Europe and the fifth-largest exporter of crude oil in the world. "We are a country rich in gas and coal and oil".

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Notably, Trump lauded Norway's hydropower prowess.

However the remarks came on the same day that Mr Trump dismissed the importance of renewable energy and said he was a "massive" supporter of oil. In fact most of your energy or your electricity is produced by hydro. In fact, USA hydropower generation was almost double that of Norway, which produced 143.4 TWh of hydropower in 2016. "And it's a great asset that you have".

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