PH asks U.S. to reconsider withdrawal from Paris climate pact

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Lizzie Chambers, at Carbon Match, a web-based emission unit trading facility, said spot prices in New Zealand had been steady around $16.70 for the past few days and trading had been extremely light. "We only expect Carbon dioxide emissions to continue to decline".

"We believe that a global approach towards dealing with climate change is the best chance the worldwide community has at effectively addressing its effects".

What has a higher likelihood of fracturing, Diringer said, are U.S. diplomatic relations, since other countries could think the USA has "turned its back on the worldwide community".

City halls in Boston and Washington DC were also lit up in a display of solidarity.

A draft joint summit statement seen by AFP said the European Union and Chinese leaders will stress "their highest political commitment" into implementing all aspects of the Paris deal.

Shadow foreign secretary Emily Thornberry called Trump's decision "an act of global, generational vandalism. inflicting damage that our grandchildren will be unable to undo".

"Climate change is real".

In his statement Thursday, Trump suggested American jobs were his concern.

Other tech and industrial sector representatives expressed frustration with the White House's decision and pledged to continue working to combat global warming.

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Share prices rose after President Trump's announcement he would take the U.S. out of the Paris climate deal. "But it wasn't enough.I want to reassure you that today's developments will have no impact on Apple's efforts to protect the environment", he added. But Elliot Diringer, the executive vice president of the Center for Climate and Energy Solutions, a nonpartisan climate-focused think tank, said he was was confident most will remain committed to climate action.

"Withdrawing from the Paris climate agreement is bad for the environment, bad for the economy, and it puts our children's future at risk", he wrote on Facebook.

The Information Technology Industry Council was equally scathing.

"The world can not wait - and neither will we".

New Zealand's Climate Change Minister Paula Bennett said that "so much of what (Trump) said is wrong", arguing that America was not paying a disproportionate cost to be part of the deal.

Vaz also noted that only three countries - the United States, Nicaragua and Syria - would be outside the treaty.

Tesla Inc chief executive officer Elon Musk and Walt Disney Co CEO Robert Iger said on Thursday they would leave White House advisory councils after US President Donald Trump said he would withdraw from the Paris climate accord.

"With this single act, Trump has demonstrated that he is a far more unsafe threat to humanity than any tin-pot dictator or terrorist group".

"I have long said that should countries like the United States, China or India withdraw their support or fail to live up to the non-binding targets, Australia should similarly pull back to allow for an increased focus on supporting families and jobs in Australia", he said.

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