Trump’s climate retreat stars a sense of déjà vu – and prompts a warning from the un

Us President Donald Trump’s Pledge to withdraw from the Landmark Paris Climate Agreement For a 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 Pull the Us Out of the World’s Biggest Coordinated Effort to Tackle Rearing Temperatures. He Also Announced A “National Energy Emergency” to Pare Back Many Biden-Re Environmental Regulations and Vowed to Ramp Up Fossil Fuel Production.

The order to withdraw from the paris climate account, which was widely expectedFollows A Similar move by the first trump administration in 2017 And deals a major 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 to 1.5 degrees Celsius, Compared to Pre-Industrial Levels” Over.

“We have been here before,” United Nations Climate Change Executive Secretary Simon Styl said a CNBC-modernated Panel at the World Economic Forum on Tuesday.

A Key Differerance Between Trump’s 2017 Decision to withdraw from the Paris Agreement and Monday’s Executive Order, Stiel Said, Was the “Significant Momentum” to Combat Global Warming in the intervening eight years.

“The world is undergoing an energy transition that is unstoppable. Last year alone, over $ 2 trillion was invested in the transition and that compares to $ 1 trillion in fosil Ell said.

“Anyone Who Steps Back from this significant forward Momentum Creates a Vacuum that others will fall and will benefit from. So, I think this kind of the frameing context that we find out E Added.

Climate scientists condemned Trump’s Order to remove the US from the Paris Agreement, Noting the PLEDGE COMES Just Weeks after Us and Global Scientific Agencies Confirmed The Planet Experienced Its Hottest Year on Record in 2024,

Trump, who has called the climate crisis “One of the great scams.

“We will drill, baby, drill,” Trump said in his inaugural address. He also pledged the US would embark on a new age of oil and gas explocation.

European insurance giants downplayed the immediati impact of trump’s climate retreat.

“It’s tougher but the gentleman has done it before, and the world knows it has to improve its,” Oliver Bate, CEO of AllianzTold CNBC’s “Squawk Box Europe“in davos on tuesday.

“We have reacted the planetary boundaries, everyone knows that. Maybe it’s time to talk about it less but do more. At least that is what we haveing ​​to do are trying to do industry,” he added.

Zurich Insurance CEO Mario Greco Discosed The Notion that Trump’s Push to Withdraw from the Paris Climate Accord Constituted A Major Political Event.

“I think we have to admit that the paris agreement has not delivered any of the plans, ambitions, targets that was expected,” Greco said tuesday.

“It’s also True that we’re looking for other means to achieve the template that is badly needed. I mean Technology needs to help. it is today or it is going to be soon. So no, I don’t think this is the big event, “He added.