Trump Says US "Could Conceivably" Rejoin Paris Climate Accord

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He repeated to reporters what he said when he pulled out of the agreement last June, that it "was a bad deal for the US".

Last June, Trump angered global businesses and politicians by announcing the USA would be leaving the worldwide climate accord, which was signed by the Obama administration and counts every nation on earth as a signatory until the U.S. formally quits the deal in 2020.

"It took away a lot of our asset values", he explained.

Trump's meeting with Prime Minister Erna Solberg at the White House was the first foreign leader visit with the president in 2018. It made it very hard for us to deal in terms of business.

The President - who has been a vocal champion of the United States fossil fuel industries as well as frequently voicing climate change scepticism - said the Paris Agreement signalled a "tremendous penalty" for using gas, coal and oil energy, suggesting the deal was harsher on USA interests than Russian and China.

The Obama administration's Nationally Determined Contribution (NDC)-a published declaration submitted under the United Nations Framework Convention on Climate Change (UNFCCC)-says the US intends to achieve an economy-wide target of slashing greenhouse gas emissions by 26% to 28% below its 2005 level in 2025. "I feel very strongly about the environment". "Im not going to let that happen", Trump asserted.

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French President Emmanuel Macron in December said he would not agree to a renegotiation but was hopeful the USA would return to the accord.Analysts have said the U.S. withdrawal from the Paris agreement makes it more hard for the world to reach the goals that it set for itself in the Paris agreement.

Trump also suggested that America's target set in the NDC by 2025 put it at a disadvantage and would force businesses to close.

"So we could conceivably go back in.Mr Trump stressed his administration's commitment to environmental issues, "clean water, clean air", but added "we also want businesses that can compete".

"The Paris accord really would have taken away our competitive edge, and we are not going to let that happen", Trump said. Whereas as an example China, by 2030, they dont kick in until 2030.

He also said during the presidential election campaign that he wanted to help USA oil and coal industries.

This is unedited, unformatted feed from the Press Trust of India wire.