OMA Connections Partner, Jones Day, has summarized the U.S. withdrawal from the Paris Climate Agreement this way:
The Situation: In a multinational effort to address climate change, nearly 200 countries adopted the Paris Climate Accord in late 2015. But in June 2017, President Donald Trump announced that the United States will cease implementing the provisions of the Paris Accord.
The Result: The United States will no longer observe emissions reductions pledges, and the Paris Accord’s emissions reductions targets will likely not be used by the federal government to determine greenhouse gas policies.
Looking Ahead: Formal U.S. withdrawal will take approximately four years. Also, a coalition of states is considering climate change actions independent of federal regulations.”
Read more from Jones Day about the impacts of this action. 6/7/2017