California Gov Brown says US will stay in climate fight
10:59, Jun 7, 2017
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This means that "there is no chance that Beijing could follow the US and back out of the 2015 Paris agreement to combat climate change", Wang Yao, director-general of Beijing's International Institute of Green Finance, told the FT.
President Trump announced last week that he would pull the United States out of the 2015 Paris agreement on climate change, a move branded as "insane" by California governor Jerry Brown, who is visiting China this week.
Rank was serving in China when President Xi Jinping and then-US President Barrack Obama jointly declared their commitment to the Paris agreement, which has been signed by 195 countries and ratified by 147.
Trump's announcement last week that he wants to pull out of the Paris accord did not come up, according to the governor.
A Washington Post-ABC News poll revealed that most Americans also disagreed with Trump's decision to remove the US from the Paris pact. Only two countries have not signed the Paris Agreement: Nicaragua, who doesn't think the accord does almost enough, and Syria, who is in the middle of a bloody civil war.
As the head of the embassy until Branstad arrives, it was Rank's responsibility to deliver a formal notification of the USA intention to withdraw from the climate pact.
Mr Brown and Chinese science and technology minister Wan Gang signed an agreement on behalf of their respective governments calling for greater collaboration on countering climate change. They are already a leader in solar panel production and renewable energy investments throughout the world.
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James Zhan, senior director of investment and enterprise at UNCTAD, said that US policy was an important influence in the global pattern of FDI flows such as crossborder corporate mergers and investment in start-up projects overseas.
Mr Trump is a strong advocate of boosting U.S. fossil fuel industries, in particular coal mining, which suffered a steep decline in production during the tenure of former President Barack Obama.
Trump said the treaty poses an economic disadvantage toward the US, and a fair deal needs to be enacted instead.
In an earlier speech, Brown criticized those still "resisting reality".
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Speaking in Berlin about the Paris climate change accord, he said that "China in recent years has stayed true to its commitment". Obama had made efforts during his administration to reduce USA emissions in an attempt to avert catastrophic climate change.
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