U.S. President Donald Trump signed an executive order withdrawing from the Paris Climate Change Agreement on his first day in office.
This is the second time since the first term in power in 2017, but the situation is a little different then and now.
Reporter Kwon Young-hee reports.
[Reporter]
Trump thinks the climate change agreement is a big drag on the U.S. economy and industry.
For this reason, we are trying to reverse the previous government's eco-friendly policies such as reducing fossil fuels and expanding clean energy at once.
[U.S. President Donald Trump: Immediately withdraw from the unfair and unilateral Paris climate change agreement. The United States will not destroy our industry while China pollutes it with impunity.]
To withdraw from the agreement, an official letter must be submitted to the United Nations and will take effect one year later.
This would make the United States one of the four countries that have not joined the agreement, along with Iran, Libya and Yemen.
Trump, who sees soaring energy prices as a major contributor to inflation, has called the climate change crisis a fraud even before he took office.
[U.S. President Donald Trump: We're going to drill. It will drill in many other places and the cost of energy will be much lower.]
However, things have changed a lot since the first term of power, when the agreement was withdrawn for the first time.
The withdrawal will likely cost the U.S. its share in the burgeoning clean energy technology market.
It is estimated that the global clean energy technology market will more than triple by 2035, reaching $2 trillion.
It is unclear whether U.S. oil companies, which still produce unprecedented amounts of oil in history, will increase their production despite falling prices.
Like the recent L.A. wildfires, Americans are also feared to be exposed to a serious crisis caused by climate change.
Democratic governors plan to continue to participate in international climate action, regardless of Trump's withdrawal from the agreement.
The U.N. also says the door to the Paris Agreement remains open.
I'm YTN's Kwon Younghee.
Video editing: Lim Hyun-chul
※ 'Your report becomes news'
[Kakao Talk] YTN Search and Add Channel
[Phone] 02-398-8585
[Mail] social@ytn.co.kr
[Copyright holder (c) YTN Unauthorized reproduction, redistribution and use of AI data prohibited]
International
More- Han Kang, interview with the New York Times..."The past and the present are connected".
- The two main offenders of the Capitol riot were also released...Trump's mass pardon controversy
- North Korean military captured alive, "Please play a love movie in Korean."
- US passport gender 'X' disappears...Trump's Executive Order Applies Immediately