Trump Pulls U.S. from Paris Climate Accord Again, Bloomberg Steps In

Michael Bloomberg pledges to fill the financial gap left by the U.S. withdrawal from the UN climate framework, echoing actions from Trump's first term.

President Donald Trump has signed a directive to withdraw the United States from the Paris Climate Agreement, marking the second time the U.S. has exited the accord under his leadership.
The withdrawal will take effect in one year, jeopardizing the U.S.'s financial contributions, which account for 22% of the UN Climate Secretariat's budget.
Michael Bloomberg, former New York City mayor and current UN climate envoy, has committed to using his foundation to cover the U.S.'s financial shortfall, as he did during Trump's first term.
The Paris Agreement aims to limit global warming to 1.5 degrees Celsius, but Trump's decision has raised concerns about its effectiveness without U.S. participation.
Trump's stance has reignited debates over the roles of major emitters like China and India in global climate efforts, with critics arguing that the U.S. exit undermines international cooperation.