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1.Market Observations, 8.Was Sticky

3 June 2017 (AFR) – Trump climate snub signals US global leadership retreat

(3 June 2017, AFR, p15, by John Kehoe)

‘Donald Trump’s decision to withdraw the United States from the Paris climate change accord is a setback for efforts to tackle global warming. But it is more gesture than harsh impact. Underlining the shifting geopolitical relationships, Italy, France and Germany swiftly rejected Trump’s suggestion the Paris accord could be renegotiated, “since it is a vital instrument for our planet, societies and economies”. In an extraordinary piece of timing, China’s Premier Li Keqiang met European Union counterparts including German Chancellor Angela Merkel, in Berlin on Thursday and together pledged to accelerate joint efforts to reduce global carbon emissions.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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