EU chemical industry to continue supporting Paris agreement despite US pullout
The European Union Chemical Industry Council (Cefic) has reaffirmed its support and commitment to the Paris agreement to tackle climate change despite the US President Donald Trump's decision to pullout from the deal.
President Trump said that the US will withdraw from the 2015 global agreement, claiming that the platform will weaken the economy, reduce jobs, affect the national sovereignty, reported Reuters.
Celfic noted that the European chemical CEOs publicly supported the deal when it was signed and will continue to voice its support for the globally binding agreement.
The council stated that the EU chemical industry through continued innovations can support the future low-carbon economy.
The Paris agreement provides the industry a flexible framework to carry out business activities, while maintaining climate change.
Alongside Celfic, the American Chemical Society (ACS) also expressed its disappointment as the US decided to pullout from the agreement and also provide a formal request to the administration to reconsider its decision.
In 2015, the Paris climate accord was signed by 197 countries and ratified by 147 to reduce greenhouse gas emissions, its mitigation adaptation and finance.
ACS executive director and CEO Thomas Connelly Jr said: “Climate change represents a real and current threat to our economy, health and welfare.
"America should continue to take the lead in addressing global greenhouse gas emissions and become a leader in sustainable energy production and technology."
President Trump also stated that his administration will start negotiating to re-enter the Paris accord on new terms or to have a complete new agreement.
The US decision drew criticism and disappointment from major economies and sectors across the world.
Image: US President Donald Trump decided to withdraw from Paris climate agreement. Photo: courtesy of Gage Skidmore from Peoria, Arizona, United States of America via Wikipedia.