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Climate change: 'Trump effect' threatens Paris pact
President Donald Trump's words and actions are restricting global efforts to cut carbon, according to a new study.
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The author says that the US withdrawal from Paris has created the "moral and political cover for others to follow suit", citing the examples of Russia and Turkey - which have both declined to ratify the Paris deal.
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When it comes to fossil fuels, the author cites the example of investments in the coal sector by 36 US banks, which saw a decline of 38% in 2016 after the Paris agreement was signed, but which rose by 6% in 2017 after President Trump was sworn in.
"This is not a coincidence, there is something underpinning these trends and that's political signals," said Joseph Curtin, a senior fellow at the IIEA.
https://www.bbc.co.uk/news/science-environment-46384828
...
The author says that the US withdrawal from Paris has created the "moral and political cover for others to follow suit", citing the examples of Russia and Turkey - which have both declined to ratify the Paris deal.
...
When it comes to fossil fuels, the author cites the example of investments in the coal sector by 36 US banks, which saw a decline of 38% in 2016 after the Paris agreement was signed, but which rose by 6% in 2017 after President Trump was sworn in.
"This is not a coincidence, there is something underpinning these trends and that's political signals," said Joseph Curtin, a senior fellow at the IIEA.
https://www.bbc.co.uk/news/science-environment-46384828