The Paris Agreement is the first legally binding universal global agreement on climate change adopted at the Paris Climate Change Conference (COP21) in December 2015. We have one of the most frequent energy reserves in the world, enough to lift America`s poorest working people out of poverty. But as part of this agreement, we are effectively locking up these reserves and taking the great wealth of our nation – it is a great wealth, it is a phenomenal wealth. Not so long ago, we had no idea that we had such wealth and that we were leaving millions and millions of families trapped in poverty and unemployment. The agreement is a massive redistribution of wealth from the United States to other countries. With a growth of 1%, renewable energy sources can meet part of our domestic demand, but with 3 or 4% growth that I expect, we need all forms of American energy available, or our country – (Applause) – will be seriously threatened by power cuts and power cuts, our businesses will often stop, and the American family will suffer the consequences in the form of lost jobs and a very low quality of life. No responsible leader can bring workers – and people – of their country into this debilitating and enormous disadvantage. The fact that the Paris Agreement is hampering the United States, while allowing some of the world`s largest polluters, should dispel any doubt as to why foreign lobbyists want to link and bind our great country to this agreement: it is about giving their country an economic advantage over the United States. That will not happen as long as I am president. I am sorry.
(Applause) While mitigation and adjustment require more climate funding, adjustment has generally received less support and has mobilized fewer private sector actions.  A 2014 OECD report showed that in 2014, only 16% of the world`s financial resources were devoted to adaptation to climate change.  The Paris Agreement called for a balance between climate finance between adaptation and mitigation, highlighting in particular the need to strengthen support for adaptation from the parties most affected by climate change, including least developed countries and small island developing states. The agreement also reminds the parties of the importance of public subsidies, as adjustment measures receive less public sector investment.  John Kerry, as Secretary of State, announced that the United States would double its grant-based adjustment funding by 2020.  The NRDC is saddened to make the Global Climate Action Summit a success based on more ambitious commitments to the landmark 2015 agreement and enhanced initiatives to reduce pollution. Since Trump`s announcement, U.S. envoys – as well as on behalf – have continued to participate in U.N.
climate negotiations to shore up the details of the agreement. Meanwhile, thousands of heads of state and government have intervened across the country to fill the void created by the lack of federal climate leadership, reflecting the will of the vast majority of Americans who support the Paris agreement. City and state officials, business leaders, universities and individuals included a base amount to participate in initiatives such as America`s Pledge, the United States Climate Alliance, We Are Still In and the American Cities Climate Challenge. Complementary and sometimes overlapping movements aim to deepen and accelerate efforts to combat climate change at the local, regional and national levels.