Published: Thu, May 18, 2017
Markets | By Noel Gibbs

Nigeria 146th to endorse Paris Climate Agreement

Nigeria 146th to endorse Paris Climate Agreement

In a swipe at President Trump's oft-used phrase, they said that "no country would be great again" without swift action. And all the while, a new study shows global temperatures might be rising faster than expected. "The U.S. commitment of 26-28 percent below 2005 levels is achievable, but we need continued national leadership". Even countries such as Liberia and the Democratic Republic of the Congo, which are among the poorest in the world and were struggling with an Ebola epidemic at the time, have signed on. And a quick search of "Paris climate agreement and higher electricity costs" shows a recent coordinated media effort by the G.O.P.to sell these "alternative facts" to USA voters.

That's because "the richest countries have much of their economy in lower-emitting sectors" - think finance and technology rather than manufacturing - and fewer people are deprived of access to energy, according to Robert Lempert, an environmental policy researcher at RAND Corporation.

Talley declined to comment to Reuters on the USA role. They have an out-clause, one not applicable to developed countries.

At the recent Belt and Road Summit hosted by China, thirty countries reaffirmed their support for the Paris Agreement and called on all countries to implement their commitments under the Agreement.

Inside, however, negotiators from more than 140 countries are gathering to talk about one of President Trump's least favorite topics: climate change.

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The Trump administration is now considering whether to withdraw from the agreement, which committed the world to keeping global warming to as close to 1.5 degrees Celsius as possible.

What is that damage?

Without specifically mentioning Mr Trump, Miguel Arias Cañete, the European Commissioner for climate action and energy, said: "Today more than ever, Europe stands by its long-term partners most vulnerable to climate change".

"The highly adverse rollbacks of United States climate policies by the Trump Administration, if fully implemented and not compensated by other actors, are projected to flatten usa emissions instead of continuing on a downward trend", explained Prof Niklas Höhne, of NewClimate Institute.

Republicans have been trying to undermine the global (and national) efforts to address climate change since November 2015, before President Obama even left for Paris.

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"Pulling out of the Paris agreement would be an unforced error in the sense of undermining our diplomatic efforts going forward", Keohane said. This is partly related to an economic slowdown, in addition to policies put in place by the central government in Beijing. Such a move is likely, since the vast majority of Democrats support the Paris agreement. "There's so much fluidity in global politics" that the diplomatic hit would be temporary, said Pat Michaels of the libertarian-leaning Cato Institute.

"The highly adverse rollbacks of USA climate policies by the Trump Administration, if fully implemented and not compensated by other actors, are projected to flatten United States emissions instead of continuing on a downward trend", said Niklas Hohne, of NewClimate Institute, in a press release. Whether the USA formally leaves the agreement or just ignores it by crafting domestic policies that hurt the environment, it will face the same harms.

Trump's pro-coal policies could lead to a flattening of US emissions in coming years after a fall of 11.5 percent in the past decade, it said.

But the author goes on to point out that he is yet to revealed his hand on whether he is bluffing over earlier claims about exiting the Paris Agreement.

Sharing ideas on how to design the global stocktake, when countries gather every five years to assess progress thus far, the gap remaining to reach the Paris Agreement's climate goals, and opportunities for increased action. "But the climate won't be able to survive the long-run absence of USA leadership".

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Uncertainty over America's future in the climate-rescue Paris Agreement loomed large over United Nations talks that opened in Bonn on Monday to work out the nuts and bolts of implementing the hard-fought worldwide deal.

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