President Donald Trump announced on June 1 that the United States will pull out of the Paris climate accord.
In signing the 2015 Paris agreement, the United States, along with 194 other countries, pledged to curb greenhouse gas emissions to combat global warming. But Trump — who has called climate change a “hoax” despite scientific evidence to the contrary — promised during his campaign that he would withdraw from the Paris accord.
“The agreement is a massive redistribution of the United States’ wealth to other countries,” Trump said. “As of today, the United States will cease all implementation of the nonbinding Paris accord and the draconian financial and economic burdens [it] imposes on our country.” This includes making further payments to the Green Climate Fund, set up to help developing countries battle and cope with climate change. The United States has already paid $1 billion of the $3 billion it pledged to the fund.
Trump did leave the door open to reentering the Paris accord under revised terms or signing an entirely new climate agreement.