“This agreement is less about the climate and more about other countries gaining a financial advantage over the United States,” Trump, specifically singling out China and India.
China and India joined the Paris agreement in 2016, but neither have plans to reduce greenhouse gas emissions. China said it would “peak” emissions by 2030 and India has been promised foreign aid to boost green energy production.
“They can do whatever they want for 13 years. Not us,” Trump said of China.
China and India have plans to drastically increase coal production to fuel their growing economies.
Trump also said the U.S. would no longer send money to the Green Climate Fund (GCF), which was created to fund green energy projects in poor countries. The Paris agreement required developed countries fund the GCF.
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