On November 4, the United States formally exited the Paris Agreement. The Paris Agreement is an agreement within the United Nations Framework Convention on Climate Change (UNFCCC), dealing with greenhouse-gas-emissions mitigation, adaptation, and finance, signed in 2016.
The agreement’s language was negotiated by representatives of 196 state parties at the 21st Conference of the Parties of the UNFCCC in Le Bourget, near Paris, France, and adopted by consensus on 12 December 2015. The Paris Agreement’s long-term temperature goal is to keep the increase in global average temperature to well below 2 °C (3.6 °F) above pre-industrial levels; and to pursue efforts to limit the increase to 1.5 °C (2.7 °F), recognizing that this would substantially reduce the risks and impacts of climate change.
This should be done by reducing emissions as soon as possible, in order to “achieve a balance between anthropogenic emissions by sources and removals by sinks of greenhouse gases” in the second half of the 21st century. It also aims to increase the ability of parties to adapt to the adverse impacts of climate change, and make “finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development.
On June 1, 2017, United States President Donald Trump announced that the U.S. would cease all participation in the 2015 Paris Agreement on climate change mitigation, and begin negotiations to re-enter the agreement “on terms that are fair to the United States, its businesses, its workers, its people, its taxpayers,” or form a new agreement.In withdrawing from the agreement, Trump stated that “The Paris accord will undermine (the U.S.) economy,” and “puts (the U.S.) at a permanent disadvantage.” Trump stated that the withdrawal would be in accordance with his America First policy.