In 1992, President George H.W. Bush joined 107 other heads of state at the Rio Earth Summit in Brazil to adopt a series of environmental agreements, including the UNFCCC framework, which is still in force today. The international treaty aims to prevent dangerous human intervention in the planet`s climate systems in the long term. The pact does not set limits on greenhouse gas emissions from individual countries and does not contain enforcement mechanisms, but establishes a framework for international negotiations on future agreements or protocols to set binding emissions targets. Participating countries meet annually at a Conference of the Parties (COP) to assess their progress and continue discussions on how best to combat climate change. We have one of the most frequent energy reserves in the world, enough to lift America`s poorest working people out of poverty. But as part of this agreement, we are effectively locking up these reserves and taking the great wealth of our nation – it is a great wealth, it is a phenomenal wealth. Not so long ago, we had no idea that we had such wealth and that we were leaving millions and millions of families trapped in poverty and unemployment. This means the country is not in a position to seize valuable economic opportunities, says Andrew Light, a former State Department official in the Obama administration and professor of public policy at George Mason University. A 2016 report by the World Bank`s International Finance Corporation indicated that the Paris Agreement would allow investment in emerging countries in sectors such as renewable energy and sustainable forest management worth $23 trillion. “If the U.S.
stays out of the agreement, the rest of the world will lose all those opportunities and all the jobs there,” Light said. “The United States will not benefit from these markets, and it will become a pariah nation at that time.” In April 2017, a group of 20 MPs from the Right-wing Alternative for Germany, the UK Independence Party and other parties sent a letter to Trump asking him to withdraw from the Paris agreement.  On May 25, 2017, 22 Republican senators, including Senate Majority Leader Mitch McConnell, sent a two-page letter to Trump asking him to withdraw the United States.