Jerry Brown Heads To China For Climate Change Talks

Andrew Cummings
June 3, 2017

US billionaire and former New York City mayor Michael Bloomberg has offered US$15 million (NZ$21 million) to the United Nations to tackle climate change after US President Donald Trump pulled out of the Paris climate accord.

President Donald Trump's decision to withdraw the USA from the landmark Paris agreement will affect foreign direct investment (FDI) and may lead to investor-state arguments, says the head of investment at the United Nations trade and development agency UNCTAD.

"We at Under Armour are disappointed by the Administration's decision to withdraw from the Paris Climate Agreement as climate change continues to threaten our planet, our cities and our economies", Plank said.

Trump's decision to back out of the Paris Climate Accord was met with animosity among several world leaders.

Former President Obama issued a statement saying he's confident states, cities and businesses will step up to combat global warming.

And in scathing remarks, he said that, during Mr. Trump's visit to Europe last week, leaders there tried to explain the Paris accord to the president in quote "simple sentences" - but that it appeared the president did not understand it.

Trump's announcement sent the issue of climate change - and May's attempts to bolster the trans-Atlantic "special relationship" with the USA - to the top of the agenda Friday in campaigning for Britain's June 8 election.

Bloomberg, who is the UN Secretary-General's special envoy for cities and climate change, said the U.S. had led the world on emission reductions over the past decade.

Almost 200 countries have ratified the Paris agreement. "We can't leave it to Washington to lead". Many states and cities have already said they will be sticking with climate action.

None have sought a greater reduction than global economic heavyweight California, however, which is seeking to reduce greenhouse gas emissions by 40 percent relative to 1990 levels by 2030 under a previously established climate goal.

He called the agreement a "massive redistribution of USA wealth to other countries" that "hamstrings" the us and "empowers" others.

He noted that the USA was the leader in emissions control years before the Paris agreement, and we're not going to give that up.

Leaders in the outdoor industry publicly opposed President Donald Trump's national monuments executive order in April, and today, players in the market took on another controversial move by the president.

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