A guide to global warming, Paris pact and the US role

The market reaction reflects concerns, raised by some coal companies in recent months, that a USA exit from the Paris Climate Agreement could unleash a global backlash against coal interests outside the United States.

Elon Musk says he will cut ties with President Trump, should the USA walk away from the Paris Climate Accord.

Trump said in a tweet Wednesday: "I will be announcing my decision on the Paris Accord over the next few days. MAKE AMERICA GREAT AGAIN!" the United States president said in a tweet, punctuating the post with his campaign slogan.

If he does decide to withdraw from Paris, China and the European Union are vowing to stick with the agreement. The permutations of how Trump could manage the withdrawal are many.

What is the Paris Agreement? Former President Barack Obama issued an executive order in September 2016 formally entering the agreement and promising to reduce greenhouse gas emissions by 17.89 percent.

The Paris climate agreement is at the centre of President Obama's legacy, and is supported by every country except for Syria and Nicaragua.

If the USA withdraws from the Paris accord, signed by almost 200 countries, then it would be a huge setback to the worldwide efforts to curtail global warming given the fact that the United States is the largest polluter in the world. Despite the negative effects that such an exit would have, it might be worse if the USA kept a "seat at the table"-a phrase Tillerson has been fond of using-only to try to weaken emissions targets, lobby for increased global use of natural gas (which the US produces in abundance), or simply ignore the agreement altogether".

The Chinese government cancelled construction of more than 100 new coal-fired power plants earlier this year, announcing plans to invest at least $360 billion in green-energy projects by 2020. The Paris deal was never approved by the Senate, so no congressional approval is needed to exit the agreement. So the withdrawal would not take effect until November 2020, shortly after the next presidential election.

During his campaign, Trump pledged to leave the global climate pact brokered by the Obama administration in 2015 because he said it would damage the US economy and cost jobs.

The UNFCCC has almost universal membership and provides the underlying framework for worldwide cooperation to combat climate change.

Schnoor said there could be some benefits to withdrawing from the Paris Agreement.

Withdrawing would leave the USA as one of just three countries outside the agreement, with the other two being Syria and Nicaragua.

Yes, it's possible to remain in the agreement and just fail to meet any of its terms.

"Climate change is a global challenge". For example, there are no sanctions if the United States breaks its promise of reducing greenhouse gas emissions 26% to 28% below 2005 levels by 2025. Twenty-five companies, including tech giants Intel and Microsoft, signed a letter arguing in favor of the climate deal that will run as a full-page ad in The New York Times and The Wall Street Journal on Thursday, reported Bloomberg.

  • India to probe $10.8bn plane order

    India to probe $10.8bn plane order

    But the government finally made a decision to buy 68 for Air India from Boeing , and another 43 for Indian Airlines from Airbus. CBI said that the acquisition allegedly caused a financial loss to the "already stressed" national carrier.
    LeBron struggles, exchanges words with fan after Game 3 loss

    LeBron struggles, exchanges words with fan after Game 3 loss

    Still, they beat the Cavaliers in Cleveland the next game before falling easily in Games 4 and 5. Thomas is set to play the last of his four-year, $27 million contract next season.
    Indians issued maximum work visas to UK in 2016

    Indians issued maximum work visas to UK in 2016

    The Conservatives have consistently missed that target after making the same promise in the 2010 and 2015 elections. The government has repeatedly failed to meet a pledge to reduce the net annual level to below 100,000.
  • Mara: Giants Fans Threatened Boycott If Players Joined Kaepernick's Protest

    Mara: Giants Fans Threatened Boycott If Players Joined Kaepernick's Protest

    Philadelphia Eagles wide receiver Torrey Smith , who played for the 49ers the last two seasons, took to Twitter to defend former teammate Kaepernick.

    James Bond 'Moore' dies at 89

    My grandad looks at it, half figures out it says " Roger Moore " - I have absolutely no idea who that is, and my hearts sinks. Sir Roger was the longest-serving actor to play the womanising MI6 agent, having portrayed 007 in seven films.
    Trump handshake showdown: France's Macron just won't let go

    Trump handshake showdown: France's Macron just won't let go

    Trump has a particularly aggressive handshake where he pulls the other person toward him in a show of power. However, Macron claimed that the lunch meeting with Trump was "a very good, frank and warm discussion".
  • Gravitational waves detected again, at furthest distance yet

    Gravitational waves detected again, at furthest distance yet

    The LIGO Laboratory is funded by the NSF, and operated by Caltech and MIT , which conceived and built the Observatory. That distance allows us to get more insight into potential deviations from Einstein's theory of general relativity .

    England's Stokes passed fit for 2nd South Africa ODI

    That became 10 off 10 balls when David Miller (71 not out) struck Jake Ball for a six and a four off successive deliveries. He unfurled a range of destructive shots, sending Andile Phehlukwayo and Chris Morris for three massive sixes.

    Police Make 3 More Arrests In Connection With Deadly Manchester Concert Attack

    Ten people, including a 16-year-old boy, have been arrested by Greater Manchester Police in relation to Monday's terror attack. Police also raided and searched a property elsewhere in Manchester where Abedi's brother Ismail is thought to have lived.
  • Trump pulling US out of Paris climate deal: Axios

    But Trump's daughter Ivanka pressed aides to look at the full picture when considering what withdrawal could mean. Rick Perry, Trump's secretary of energy, has also reportedly argued against leaving the accord.
    Brush Fire In Brentwood Burns Within 200-Feet Of Homes, Firefighters Say

    Brush Fire In Brentwood Burns Within 200-Feet Of Homes, Firefighters Say

    LAFD crews responded at 11:30 a.m.to the fire, at 11200 Wheatland Ave., in Lopez Canyon, with the fire moving later to 11230 N. The Brentwood neighborhood near the fire is dense with estates belonging to major Hollywood players.

    Father of suspected Manchester bomber says son is innocent

    Officials believe the suicide bomber responsible for Monday's attack, 22-year-old Salman Abedi , was part of a network . Officials are particularly angry that photos detailing evidence about the bomb were published in the New York Times .