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US President Donald Trump holds a letter to the UN declaring the US withdrawal from the Paris Agreement during the inaugural parade inside Capital One Arena, in Washington, DC, on January 20, 2025.
Jim Watson | AFP | fake images
US President Donald Trump promise withdraw from the historic Paris climate agreement for the second time creates a leadership vacuum that other countries can benefit from, according to the United Nations’ top climate official.
Trump on Monday signed an executive order to remove the United States from the world’s largest coordinated effort to address rising temperatures. He also announced a “national energy emergency” to reduce many Biden-era environmental regulations and promised to increase fossil fuel production.
The order to withdraw from the Paris climate agreement, which was widely expectedfollow a similar measure by the first Trump administration in 2017 and deals a serious blow to global efforts to protect the environment.
The 2015 Paris Agreement is a framework designed to reduce greenhouse gas emissions and limit global warming to “well below 2, preferably 1.5 degrees Celsius, compared to pre-industrial levels” in the long term. .
“We’ve been here before,” United Nations Climate Change Executive Secretary Simon Stiell said Tuesday during a panel moderated by CNBC at the World Economic Forum.
A key difference between Trump’s 2017 decision to withdraw from the Paris Agreement and Monday’s executive order, Stiell said, was the “significant push” to combat global warming in the eight years since.
“The world is going through an energy transition that is unstoppable. Last year alone, more than 2 trillion dollars were invested in the transition and that compares with 1 trillion dollars in fossil fuels, so the signal is absolutely clear” Stiell said.
“Anyone who backs down on this important push creates a void that others will fill and benefit from. So I think this is the context we find ourselves in 14 hours after that statement,” he added.
Seagulls fly in front of the Esther offshore oil and gas platform on January 5, 2025 in Seal Beach, California.
Mario Tama | Getty Images News | fake images
Climate scientists condemned Trump’s order to withdraw the United States from the Paris Agreement, taking into account the commitment, comes just weeks after US and world scientific agencies confirmed that the planet experienced its Hottest year on record in 2024..
Trump, who has called the climate crisis “one of the big scams,” said Monday that he intended to increase oil and gas production during his second four-year term.
“We’ll drill, baby, we’ll drill,” Trump said in his inaugural address. He also promised that the United States would embark on a new era of oil and gas exploration.
‘It’s time to talk less about it’
European insurance giants downplayed the immediate impact of Trump’s climate retreat.
“It’s harder, but this gentleman has done it before and the world knows he has to do better,” Oliver Bate, CEO of Alliancetold CNBC “Squawk Europe Box” in Davos on Tuesday.
“We have reached the planetary limits, everyone knows it. Maybe it is time to talk less about it but do more. At least that is what we are trying to do in our industry,” he added.
Insurance in Zurich Chief Executive Mario Greco dismissed the idea that Trump’s push to withdraw from the Paris climate agreement constitutes a major political development.
“I think we have to admit that the Paris Agreement has not met any of the plans, ambitions and objectives that were expected,” Greco said Tuesday.
“It is also true that we are looking for other means to achieve the much-needed temperature reduction. I mean that technology needs to help. Without technology, we are not going to make this planet colder than it is today or will be soon “So no, I don’t think this is the big event,” he added.
