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Merkel: no turning back from historic Paris climate pact

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Bloomberg, the former New York City mayor who Forbes estimates has amassed a $50 billion fortune, said on Twitter the world "can't wait for governments to act on climate change". That was done in the absence of the Paris agreement,"said Tillerson".

In a move that pretty much nobody outside his immediate circle supported, Donald Trump has pulled the United States out of the Paris climate agreement and the world is kind of not okay. But one of the study's authors says the President misinterpreted their data, showing "a complete misunderstanding of the climate problem".

On Thursday Ford spokeswoman Christin Baker said the company believes "climate change is real, and remain deeply committed to reducing greenhouse gas emissions in our vehicles and our facilities".

Big business, including many seeking to profit from climate-change regulations, also opposed the exit from the Paris accord. "At what point do they start laughing at us as a country?"

Bloomberg's charitable organization has long worked on environmental initiatives. Dutch Environment Minister Sharon Dijksma called the US decision "a historic mistake".

During his recent global trip, world leaders were frustrated by Trump's refusal to keep former President Obama's commitment to significantly reduce greenhouse gas emissions despite pressure from G7 members and the pope.

The U.S. agreed to cut greenhouse gas emissions by 26-28 percent below 2005 levels by 2025, but China agreed only to reach its peak carbon dioxide emissions by 2030 and then begin scaling back.

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Business leaders, normally strong supporters of Republican initiatives, had vigorously appealed to Trump not to abandon the agreement. Senate Majority Leader Mitch McConnell subsequently hailed Trump "for dealing yet another significant blow to the Obama administration's assault on domestic energy production and jobs".

But House Democratic leader Nancy Pelosi of California called it "a stunning abdication of American leadership and a grave threat to our planet's future".

EPA administrator Scott Pruitt defended the White House's use of a MIT study that the authors now say is being misinterpreted.

Secretary of State Rex Tillerson, who had urged Trump to stay in the Paris deal, did not attend the ceremony, nor did Trump's son-in-law Jared Kushner and his wife, Ivanka, both close advisers to the president who supported staying in the agreement. "The MIT study was something that you indicated showed 2/10ths of one degree. they didn't have a corner on the market in terms of studies at the time". Trump promised to stop implementation of the "non-binding" parts of the deal immediately.

Almost 200 countries have agreed to the environmental pact, including some of the world's biggest polluters, like China and India.

For his part, former French Foreign Minister Laurent Fabius noted that the decision announced last night by the US president is "a shameful mistake", and underlined that Trump justified his resolution with a "package of lies".

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