Tuesday, 23 October, 2018

One Of The Last Paris Climate Accord Holdouts Just Agreed To Sign

British Prime Minister Theresa May shakes hands with U.S. President Donald Trump in New York City | Brendan Smialowski  AFP via Getty Images British Prime Minister Theresa May shakes hands with U.S. President Donald Trump in New York City | Brendan Smialowski AFP via Getty Images
Ben Pena | 22 September, 2017, 08:36

The Democratic governor, who took office this year, touted Climate Alliance statistics that show that the states are on track to to meet and possibly exceed their portion of USA reduction targets in the Paris Agreement.

President Donald Trump announced in June he would pull the USA from the accord, despite global leaders urging him not to do it.

It now joins the other 195 countries who signed the legal agreement in December 2015 in Paris to keep global warming from rising 2°C above pre-Industrial Era temperatures.

In addition, the U.S. Climate Alliance released in a new report Wednesday that the members are collectively on track to meet and possibly exceed their portion of the U.S. commitment. Additionally, two states with Republican governors, MA and Vermont, are part of the alliance.

No Worries As Wall St Holds Record Highs
The dollar index, which tracks the greenback against a basket of six major rivals, inched 0.2 percent lower to 91.928. China's Shanghai Composite Index dipped by 0.2 percent, while Hong Kong's Hang Seng Index fell by 0.4 percent.

Governors and former U.S. Secretary of State John Kerry are championing a 15-state coalition that's tackling environmental issues.

The governors of the Alliance states intend to be at the COP23 conference in Bonn in November to report on their progress and present further plans and solutions in the fight against climate change. White House Press Secretary Sarah Huckabee Sanders also tweeted that the USA will withdraw "unless we get pro-America terms". "We have already had meetings addressing the issue and we have already programmed the adhesion of Nicaragua and the signing of the Country Agreement". "He forfeited American leadership".

However, parties to the deal agreed - it was a far cry from having no global climate change agreement at all.

"We made the president's position unambiguous, to where the president stands, where the administration stands on Paris", Gary Cohn, director of the White House National Economic Council, told reporters after an informal breakfast meeting that also included ministers from a dozen countries and the European Union on the sidelines of the annual United Nations gathering of world leaders. Cuomo touted New York's Green Bank, a state-sponsored financial entity that aims to increase investment in clean energy markets, and said that the bank will be going national. The Golden State has already established a cap-and-trade program with the Canadian province of Quebec, with Ontario set to join the burgeoning market.

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