Since November 2020, 194 states and the European Union have signed the agreement. 188 countries and the EU, which account for about 79% of global greenhouse gas emissions, have ratified the agreement or have joined the agreement, including China and India, the countries with the first and third CO2 emissions among UNFCCC members. [12] [13] [14] All 197 UNFCCC members have signed or joined. Beyond the strict energy restrictions imposed by the Paris Agreement, it contains another program to redistribute U.S. wealth through the Green Climate Fund – a nice name – which calls on industrialized countries to send $100 billion to developing countries in addition to massive and existing foreign aid to the United States. So we`re going to pay billions, billions and billions of dollars, and we`re one step ahead of everyone. Many other countries have not spent anything and many of them will never pay a penny. Some nations are considering new sanctions. This year, France and Germany proposed a European CO2 tax that would be imposed on countries with less stringent policies to combat climate change. As president, I have a commitment and that is the commitment of the American people.

The Paris agreement would undermine our economy, cripple our workers, weaken our sovereignty, impose unacceptable legal risks and penalize us for the long term. It is time to get out of the Paris Agreement – (Applause) – and a new agreement that protects the environment, our businesses, our citizens and our country. The EU and its member states are individually responsible for ratifying the Paris Agreement. There was a strong preference for the EU and its 28 Member States to simultaneously table their ratification instruments to ensure that neither the EU nor its Member States commit to obligations that belong exclusively to the other[21] and there was concern that there was a disagreement over each Member State`s share of the EU-wide reduction target. just as Britain`s vote to leave the EU could delay the Paris pact. [22] However, on 4 October 2016, the European Parliament approved the ratification of the Paris Agreement[23] and the EU tabled its ratification instruments on 5 October 2016 with several EU Member States. [22] Jonathan Pershing, who served as the State Department`s special envoy on climate change during the Obama administration, said that a Democrat returning to the Paris Agreement would likely provide a series of specific strategies showing how the United States intended to move away from fossil fuels. Even then, he said, other countries are right to warn that support for combating climate change could fall back in another election cycle. The United States will have to live with this persistent mistrust, Pershing said. The Paris Agreement, drawn up for two weeks in Paris at the 21st United Nations Conference of the Parties (COP21) on Climate Change (UNFCCC) and adopted on 12 December 2015 marked a historic turning point in the fight against global climate change, as world leaders representing 195 nations agreed on an agreement containing commitments from all countries to combat climate change and adapt to its impact.

A number of countries, including Saudi Arabia, Kuwait and Russia, have already shown their willingness to confront U.S. efforts to roll back science around global warming. Trump`s exit from the Paris accord will have an impact on other countries by cutting financial assistance to the Green Climate Fund. [12] The end of $3 billion in U.S. funding will have a final impact on climate change research, reducing society`s chances of meeting the Paris Accord goals and omitting the United States.