Big investors urge Trump to stick with Paris climate accord

The conflicting signals suggested the administration was trying to keep its options open while Trump decides whether to withdraw, a move the global community would strongly oppose.

At one point, China asked the Trump administration if it would consider an "international market mechanism" in place of Obama-era policies to cut emissions.

With the rest of the world on tenterhooks ever since, Trump has said he will make his decision before the next G-7 meeting on May 26 and 27 in Sicily.

Senior US government officials - including chief of staff Reince Priebus, chief strategist Steve Bannon, White House Counsel Donald McGahn and Environmental Protection Agency head Scott Pruitt - argued Washington risked legal challenges if it lowered its climate goals while remaining a party to the deal.

"The US delegation to these meetings will be much smaller this year than in recent years", said the spokesman.

To the contrary, the US will be sending a "much smaller" delegation than it has in years past, the official said. The official wasn't authorized to comment by name and requested anonymity.

But nonetheless, the withdrawal of the world's second-largest emitter and largest economy would inevitably disrupt progress at cutting global greenhouse emissions.

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Washington-based World Resources Institute climate programme head Paula Caballero said: "The question of whether this creates a hard backdrop for the negotiations is clearly a "yes". "[Withdrawing from the Paris accord is] not going to change one thing that we do regarding energy efficiency. and I think all business is going to feel the same way". On the campaign trail, candidate Trump promised to "cancel" the accord. USA officials say the timeline is being driven by the Group of 7 summit, which Trump will attend late this month in Italy.

Stephanie Pfeifer, CEO of the Institutional Investors Group on Climate Change in Europe, which also coordinated the letter, said nations should shift to a low-carbon economy "regardless of what the US administration does".

"The administration is reviewing existing policies and regulations in the context of a focus on strengthening U.S. economic growth and promoting jobs for American workers and will not support policies or regulations that have adverse effects on energy independence and United States competitiveness", the USA said.

State Department official Trigg Talley will lead the delegation.

"He may withdraw America from the Paris climate accord". A meaningful outcome of the 2018 FD will be a collective signal from countries that they intend to revise their NDCs with more ambitious targets.

"I do know how your new President now has chose to jeopardize your budget, your initiatives, as he is extremely skeptical about climate change", he said. If you would like to discuss another topic, look for a relevant article.

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