The deal is a massive redistribution of wealth from the United States to other countries. With 1% growth, renewable energy sources can meet some of our domestic demand, but with 3 or 4% growth, which I hope we will need all forms of available American energy, or our country – (applause) – will be seriously exposed to a serious risk of power outages and power outages, our business will be at a standstill in many cases. and the American family will suffer the consequences in the form of job losses and a greatly diminished quality of life. The Paris Agreement is the culmination of decades of international efforts to combat climate change. Here`s a little story. President Trump is pulling us out of the Paris Climate Agreement. Both the EU and its Member States are individually responsible for ratifying the Paris Agreement. The protocol, which only entered into force in 2005, set binding emission reduction targets only for developed countries, based on the assumption that they were responsible for most of the Earth`s high greenhouse gas emissions. The United States first signed the agreement, but never ratified it; President George W. Bush argued that the deal would hurt the U.S.

economy because it would not include developing countries such as China and India. Without the participation of these three countries, the effectiveness of the treaty has proven to be limited, as its objectives cover only a small fraction of total global emissions. The agreement also encourages developing countries to contribute voluntarily or continue to contribute to global efforts. It was also important to increase funding for adaptation and to target the weakest countries, such as the least developed countries and small island developing States, a group of low-lying coastal States struggling for their development and represented by the Alliance of Small Island States. .