For a brief background, the United States is the second largest regarding carbon emissions, accounting for about 15% of it globally.
However, it is also a major source of providing finance and technology to other developing
countries to keep the global temperature in check.
In the speech which he recently delivered to
inform the world about America’s withdrawal from the accord,
POTUS characterized the agreement as a deal that has
the potential to impoverish the economy of the
country. Adding to that, he claimed that the deal would cost
the US $3tn in GDP and more than 6 million jobs.

He also emphasized on the fact that he sees this deal more favorable for countries like China and India and that it is a definite job killer in his country.
What Can Be The Effects Of This Pull Out? One thing that is most certain to happen is that US’s withdrawal from the agreement will hurt the deal in more ways than one and it is bound to
make things tougher for the world to reach the goals of the accord
that it has set or itself. Apart from the finance and technology that the US provides, the question of moral leadership also arises, which they would be
giving up, and this could have consequences for other
diplomatic efforts.

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