U.S. Withdraws from Historic Paris Agreement – Industry’s Reaction Reply

As of June 1, 2017, the United States will be withdrawing from the historic 2015 Paris Agreement.

To refresh your memory, the Paris Agreement is a global climate compact in which almost 200 countries agreed upon the need to cut greenhouse gas emissions, and the actions to make this a reality. Actions from the agreement would keep the planet from warming by more than 1.5 degrees Celsius above pre-industrial levels – a scientifically agreed upon threshold that would safeguard future generations against the most catastrophic impacts of climate change.

This Agreement is a global effort, shaped by bold climate actions from each participating country. It is also shaped by commitments from the more stable members of the Agreement to provide climate finance assistance to poorer countries in the Agreement to support their transitions to renewable energy. All countries involved understand that climate change is an issue that transcends borders, and that efforts to combat climate change need to as well.

While President Trump announced yesterday that the United States will begin the years-long process to officially withdraw from the Paris Agreement, the business community is staying on course to combat climate change. Industry leaders from Facebook, GE, Apple, Tesla, and Microsoft, to name just a few, have outwardly expressed their disappointment with this decision, and plan to commit even more stringently to their climate change mitigation efforts.

A similar reaction has also been seen from state and local governments. Mayor Marty Walsh stated that Boston is still committed to, and even accelerating, its 2015 carbon neutrality goals. Governor Charlie Baker has stated that Massachusetts plans to focus on exceeding the state level goals of the Paris Agreement, and to continue economic growth from clean energy innovation. Governor Jerry Brown of California has similarly stated that California remains committed to the Paris agreement and is working with other states who are making the same commitment.

It’s not every day that industry, business, state and local governments, and the scientific community so urgently respond to a federal government action – but today seems to be that day – and the innovative and expedited responses from each of these sectors is more encouraging than ever.

To talk about what you and your company can do to join efforts to combat climate change, or for more information on this topic, contact Cristina Mendoza at cmendoza@capaccio.com

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