In practice, this means that the US no longer has to submit a climate action plan to the United Nations every five years.
Following his inauguration on Jan 20, US President Donald Trump issued a series of executive orders and statements, covering immigration, climate policy, energy and other matters. Once again, Trump has issued orders to withdraw from the Paris Agreement, originally signed in 2015.
This is the second time that the US will be withdrawing, having returned to the agreement during the term of President Joe Biden. While the withdrawal of the US will be a disappointment to many, it has been widely anticipated by markets and investors alike, says Thomas Höhne-Sparborth, head of sustainability research at Lombard Odier Investment Managers.
