European Union planning to spend tens of billions on climate issues


Rajoy and Modi agreed to boost bilateral cooperation in the field of combatting climate change.

"Mr. President, if you don't take us out of this, there is no way you can make America great again", Limbaugh said.

The powers also "underline that tackling climate change and reforming our energy systems are significant drivers of job creation, investment opportunities and economic growth", according to the draft statement, which also emphasizes the importance of global collaboration in combating climate change.

"There is now significant global momentum behind the Paris Agreement, because more and more countries see climate action as a positive pathway to faster development, innovation, energy security, improved public health and greater competitiveness in a globalised economy", the United Nations environment head said.

The pact was the first legally-binding global deal to fight climate change.

Trump is set to announce his decision after a source close to the matter said the president was preparing to pull out of the Paris accord.

The president has also been known to change his mind on major decisions at the last minute.

On Tuesday, Modi said in Berlin that it would be a "crime" to spoil the environment for future generations as the world awaits a decision on US climate policy.

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Corporate America is making a final urgent plea to President Trump: Don't pull out of the Paris climate accord. Modi on Wednesday expressed India's commitment to fighting climate change and said it would be a "crime" to spoil the environment for future generations.

Trump has tweeted that he will announce his decision on the Paris deal on Thursday 3pm (US time).

Today, at 3pm ET (8pm United Kingdom time), Trump will release his decision on whether the USA will stay in or withdraw from the deal.

"Don't know which way Paris will go, but I've done all I can to advise directly to POTUS, through others in WH & via councils, that we remain", Musk said on Twitter.

The Group of Seven summit in Italy on Friday and Saturday revealed a clear split between Trump and the other leaders over honouring the 2015 agreement. After the meetings concluded, the United States refused to sign onto a statement of support for the Paris accord that all other G7 participants approved.

The agreement was made in the capital of France in December 2015, with 195 nations signing on.

As part of the nonbinding Paris deal, the Obama administration vowed to slash domestic greenhouse gas emissions 26 to 28 percent below 2005 levels by 2025 and provide as much as $3 billion in aid for less affluent countries by 2020.

Any delay in USA efforts to halt greenhouse gas emissions could cost the country and the world in the long term, scientists say.