Things That Could Change When The US Leaves The Paris Climate Deal

- President Donald Trump says he will announce his decision on whether to pull the United States out of the Paris climate accord during a Rose Garden event Thursday afternoon.

"As of today, the United States will cease all implementation of the non-binding Paris accord and the draconian financial and economic burdens the agreement imposes on our country", he said. "And if we can't, that's fine", he said.

Everyone cautioned that no decision was final until Trump announced it.

"The United States will withdraw from the Paris climate accord but begin negotiations to re-enter either the Paris accord or an entirely new transaction in terms that are fair to the United States and it's workers".

Tesla CEO Elon Musk said in a Twitter post on Wednesday that he had done "all I can" to convince Trump to stay in the Paris accord, and threatened to leave White House advisory councils if Trump announces a US exit.

The White House signaled that Trump was likely to decide on exiting the global pact - fulfilling one of his principal campaign pledges - though top aides were divided. "Leaving Paris is not good for America or the world", the CEO of electric vehicle maker Tesla Inc. tweeted shortly after Trump officially withdrew the US from the global climate pact.

Washington insiders said on May 31 that Trump is likely to pull out of the landmark 2015 Paris accord signed by 195 nations, further straining relations with many USA allies and leaving the United States alongside Syria and Nicaragua as the only nations not participating.

Ford spokeswoman Christin Baker said Thursday the No.2 US automaker believes "climate change is real, and remain deeply committed to reducing greenhouse gas emissions in our vehicles and our facilities".

Under former President Barack Obama, the US had agreed under the accord to reduce polluting emissions by about 1.6 billion tons by 2025.

Trump, a former real estate executive, also heard from other business leaders who favor the agreement on May 31.

The European Union's top climate change official, Miguel Arias Canente, said in a statement that Trump's decision to leave the Paris accord made it "a sad day for the global community", adding that the bloc "deeply regrets the unilateral decision".

Trump To Announce If He's In Or Out Of Paris Accord
Canada was "deeply disappointed" by President Trump's decision, Environment Minister Catherine McKenna told reporters. After the secession became official on Thursday, a number of business leaders issued statements condemning the move.

Chinese Premier Li Keqiang says fighting climate change is a "global consensus" and an "international responsibility".

"As someone who cares deeply about our environment, I can not in good conscience support a deal which punishes the United States", he said.

Tesla and SpaceX boss Elon Musk said he would have "no choice" but to leave White House-backed business councils if Trump pulls out.

European leaders lobbied hard to try to persuade Trump at the last minute not to withdraw.

"As it appears, that attempt failed", Mr Juncker said.

USA carbon emissions have declined to near 30-year lows, a trend driven by increased natural gas use replacing coal.

A formal withdrawal would take years, experts say, a situation that led the president of the European Commission to speak dismissively of Trump on Wednesday.

But anti-Paris voices, led by chief strategist Steve Bannon and EPA administrator Scott Pruitt, appeared to win out. "This notion, 'I am Trump, I am American, America first and I am getting out, ' that is not going to happen".

And European Commission President Jean-Claude Juncker declared Europe was ready to act as a global climate leader in the USA absence. "The Paris Agreement is the collective achievement of leaders around the world, and it can not and will not be derailed by the ignorance of one man whose term of office is highly uncertain".

A frustrated German Chancellor Angela Merkel later warned that Europe "must take its fate into its own hands", citing the differences with Washington on climate change as evidence of their divergent paths.

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