There are also serious legal and constitutional issues. Foreign leaders in Europe, Asia and around the world should have no more to say about the U.S. economy than our own citizens and their elected representatives. That is why our withdrawal from the agreement is a reaffirmation of American sovereignty. (Applause) Our constitution is unique among all the nations of the world, and it is my supreme commitment and the greatest honor to protect them. And I will. “The agreement remains a cornerstone of global efforts to effectively combat climate change and cannot be renegotiated,” EU heads of state and government said. In short, the agreement does not eliminate coal jobs, it only transfers those jobs from the United States and the United States and ships them overseas. This agreement is not so much about climate as it is about other countries gaining a financial advantage over the United States. The rest of the world applauded when we signed the Paris Agreement — they went wild; they were so happy – for the simple reason that it put our country, the United States of America, which we all love, in a very, very great economic disadvantage. A cynic would say that the obvious reason for the economic competitors and their desire to stay in the agreement is that we continue to suffer this great self-inflicted economic injury.
It would be very difficult to compete with other countries in other parts of the world. In the end, all parties recognized the need to “prevent, minimize and address losses and damages,” but in particular any mention of compensation or liability is excluded.  The Convention also takes up the Warsaw International Loss and Damage Mechanism, an institution that will attempt to answer questions about how to classify, address and co-responsible losses.  The Paris Agreement is the culmination of decades of international efforts to combat climate change. Here`s a little story. According to the United Nations Environment Programme (UNEP), temperatures are expected to rise by 3.2oC by the end of the 21st century, based solely on the current climate commitments of the Paris Agreement. To limit the increase in global temperature to 1.5 degrees Celsius, annual emissions must be below 25 Gigaton (Gt) by 2030. With the current commitments of November 2019, emissions by 2030 will be 56 Gt CO2e, twice the environmental target. To limit the increase in global temperature to 1.5 degrees Celsius, an annual reduction in emissions of 7.6% is needed between 2020 and 2030. The four main emitters (China, the United States, the EU-27 and India) have contributed more than 55% of total emissions over the past decade, excluding emissions due to land use changes such as deforestation.
China`s emissions increased by 1.6% in 2018 to a peak of 13.7 Gt CO2 equivalent. U.S. emissions account for 13% of global emissions and emissions have increased by 2.5% in 2018. EU emissions, which account for 8.5% of global emissions, have fallen by 1% per year over the past decade. Emissions fell by 1.3% in 2018. In 2018, 7% of India`s global emissions increased by 5.5%, but its per capita emissions are one of the lowest in the G20.  As soon as the European Parliament gives the go-ahead, the final decision will be formally adopted by the Council. The EU will then be able to ratify the agreement.
At the 2015 Paris conference, at which the agreement was negotiated, developed countries reaffirmed their commitment to mobilize $100 billion a year to finance climate by 2020 and agreed to continue mobilizing $100 billion a year by 2025.  The commitment refers to the existing plan to allocate $100 billion per year to developing countries for climate change adaptation and climate change mitigation.  The ECOFIN Council adopted conclusions on climate finance, which gave EU negotiators a mandate for the 23rd Conference of the Parties (COP23) of the UN Framework Convention on Climate Change.