On June 1, 2017 the World was notified of the Trump Administration’s decision to withdraw support for the UNFCCC and to broker a re-negotiation of U.S. participation. The Paris agreement is a historic global treaty signed by 195 Parties and ratified by 146 countries, plus the European Union. The UNFCCC declined the U.S. request to re-structure the terms of the Treaty stating that, "The Paris Agreement is aimed at reducing risk to economies and lives everywhere, while building the foundation for a more prosperous, secure and sustainable world. It enjoys profound credibility, as it was forged by all nations and is supported by a growing wave of business, investors, cities, states, regions and citizens. We are committed to continue working with all governments and partners in their efforts to fast forward climate action at global and national levels.”
In the absence of U.S. leadership, U.S. sub-national governments, business, investment firms, and academic institutions have stepped forward to re-affirm a commitment to The Paris Accord and support for UNFCCC programs. States, municipalities, and business leaders have united behind the #wearestillin banner to express their commitment to meet the UNFCCC targets despite the lack of a federal commitment. So what does all this really mean for future progress on climate change and how do investors find the way forward?
Join us for discussion with Jonathan Pershing, Program Director, Environment at the Hewlett Foundation and former U.S. lead negotiator in the UNFCCC and John Goldstein, Managing Director at Goldman Sachs Asset Management, and co-founder, Imprint Capital Advisors. Michael Northrup, Program Director, Sustainable Development at the Rockefeller Brothers Fund will moderate the discussion. They will explore the immediate outcomes of the U.S. decision to withdraw from the Paris Accord and share their insights about the political and economic implications going forward.