ET Analysis: With US' Paris Pact exit, other global powers may have to fill the void
Donald Trump signed an executive order taking the United States out of the Paris Agreement.
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«I am immediately withdrawing from the unfair, one-sided Paris accord rip-off,» Trump said as he withdrew from the 2015 international treaty on climate change for a second time. It was not unexpected, given the 2017 experience and Trump's campaign promise.
Climate experts and activists expressed hope that, as in 2017, the rest of the world including India will continue efforts to tackle climate change even as governors of 24 US states assured the global community they will continue to contribute to the global efforts. The US exit from the legally binding international pact is clearly an element of the new administration's stand on energy, industry, climate and environment.
In his inaugural address, Trump said his administration would put an end to the «energy emergency» by stepping up oil and gas exploration and expanding extraction, and ending the «the green new deal.» He said this was meant to make the US a «rich nation again» and «the envy of the world.»
Stressing that using and exporting the nation's and gas reserves was central to making it a manufacturing and economic powerhouse, Trump said the «US will not sabotage its own industries while China pollutes with impunity.» Trump's policy-outlined through a
