At The Australian:
US President Donald Trump has decided to withdraw from the Paris climate accord, Axios news outlet reports, citing two unidentified sources with direct knowledge of the decision.
Trump refused to endorse the landmark climate change accord at a summit of the G7 group of wealthy nations on Saturday, saying he needed more time to decide. He then tweeted that he would make an announcement this week.
But at the FT:
China and the EU have forged a green alliance to combat climate change and counteract any retreat from international action by Donald Trump. In a stark realignment of forces, documents seen by the Financial Times show that Beijing and Brussels have agreed to measures to accelerate what they call the “irreversible” shift away from fossil fuels and the “historic achievement” of the Paris climate accord. Their collaboration is to be revealed on Friday at a summit of EU leaders with China’s Premier Li Keqiang in the same week that Mr Trump has said he will end months of indecision over whether to pull the US out of the Paris agreement.
The US will decarbonise anyway. Markets will make it happen now. Climate change mitigation is irreversible as risk is priced and renewable tech overwhelms fossil fuel rent-seekers:
The Trump position is a waste of good oxygen.
