Korea says US withdrawal from Paris accord 'regrettable'

A coal fire power plant in Brandenburg, Germany.

"President Trump's courageous decision to exit the Paris Accord recognises that the United States is not legally bound to an Obama-era agreement that set unrealistic emissions targets at the expense of billions of American taxpayer dollars without the approval of Congress", said Texas attorney general Ken Paxton, who joined nine other states in urging Mr Trump to leave the agreement.

"The bottom line is that the Paris accord is very unfair at the highest level to the United States", he said. It's noteworthy the President instructed negotiations to begin immediately on re-entry or crafting a better deal to ensure more equitable contributions from our partners around the world. And if we can't, that's fine. "I do respect his decision, but I do think it is an actual mistake both for the U.S. and for our planet", he said in a televised speech.

"The Paris accord will undermine our economy", Trump said during the announcement in the White House Rose Garden.

For now, the alliance includes California, New York and Washington State.

However, Russia signed on to the Paris agreement, and the United States is joined only by Syria, a war-torn nation, and Nicaragua, which argued for a stronger agreement, in opposing the global accord.

In addition to putting a cheeky twist on Trump's signature campaign cry, "Make America great again", the recently-elected French president also made a bid to position France as the next global leader in the fight against climate change.

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His predecessor, Barack Obama , expressed regret over the pullout from a deal he was instrumental in brokering. However, the Trump administration underestimated the fallout of its controversial move, US experts told Xinhua.

"To find that balance, we should seek agreements that prioritize the protection of the American consumer as well as energy-producing states like West Virginia, while also incentivizing the development of advanced fossil energy technologies", he said.

A spokesman for UN Secretary-General Antonio Guterres called the USA decision a "major disappointment", adding that America needs to remain a "leader on environmental issues". For example, under the agreement, China will be able to increase these emissions by a staggering number of years - 13. There are many other examples. Funding for the Green Climate Fund comes from US taxpayers, who overwhelmingly support action on climate change.

That's over for the USA whose withdrawal from the Paris treaty also sends a clear signal to America's wind and solar industry that the era of massive public subsidies from their federal government is over. "Saying no to the Paris accord is saying no to Obama's radical environmental and anti-jobs agenda".

He claimed that the agreement would impose "draconian financial and economic burdens", costing America $3 trillion in domestic economic activity and 6.5 million industrial and manufacturing jobs.

Chevron spokeswoman Melissa Ritchie said her company "supports continuing with the Paris Agreement as it offers a first step towards a global framework".

"The U.S.is already leading the world in energy production and doesn't need a bad deal that will harm American workers", it read. They went wild. They were so happy.

In line with his "America First" motto, the president argued that the deal would put worldwide interests ahead of American needs.