Back to today’s briefing

Story perspectives

Trump Withdraws U.S. from Paris Agreement, Mayors Resist

1/23/2025

28 5

Summary

Trump Withdraws Paris Agreement

On January 20, 2025, President Donald Trump declared the U.S. withdrawal from the Paris Agreement, a move that threatens global climate initiatives. As a leading greenhouse gas emitter, this decision raises alarms about international collaboration and funding for developing nations. Meanwhile, U.S. mayors stand firm, vowing to continue their fight against climate change.

Summary

Bloomberg Fills Funding Gap

In a bold move for climate action, Michael Bloomberg has stepped up to fill the financial void left by President Trump's second withdrawal from the Paris Agreement. His foundation is set to cover the U.S. funding gap, which usually accounts for 22% of the UN climate body's budget. This follows Bloomberg's earlier commitment of $15 million in 2017, underscoring the critical role of local and state initiatives in combating climate change.

History

Historical Context

On January 20, 2025, President Donald Trump announced the U.S. withdrawal from the Paris Agreement, echoing his previous exit in 2017. This decision mirrors past U.S. climate policy shifts, notably during the George W. Bush administration's rejection of the Kyoto Protocol in 2001. Local leaders, like Michael Bloomberg, are stepping up to fill funding gaps, reflecting a growing reliance on subnational initiatives in global climate governance.

1 of 3

Trump Withdraws Paris Agreement

On January 20, 2025, President Donald Trump declared the U.S. withdrawal from the Paris Agreement, a move that threatens global climate initiatives. As a leading greenhouse gas emitter, this decision raises alarms about international collaboration and funding for developing nations. Meanwhile, U.S. mayors stand firm, vowing to continue their fight against climate change.

1 / 3