AmCham EU members regret the decision of the President of the United States to withdraw from the Paris Agreement. As American businesses invested in Europe, we remain committed to working together to tackle climate change, while creating jobs and growth. This can be achieved through a global framework engaging all players.
AmCham EU has always advocated for a stable and predictable framework for investments. In our view, the Paris Agreement provides clear goals as well as a balanced and cost-efficient approach to reduce emissions.
Climate change knows no national borders and dealing with greenhouse gas emissions requires a global solution.
The Paris Agreement created a global framework to tackle both the causes and the effects of climate change. The EU and the United States have been instrumental in establishing the momentum for an energy-efficient, low carbon future, which would ensure a competitive advantage for their companies. At the same time, the agreement enables national governments to address their critical energy security needs in a cost-effective manner.
Moreover, because of its global nature, the Paris Agreement helps transform the global markets for energy-efficient technologies and provides a reliable and predictable international structure.
Source: AmCham EU
19th June 2018