President Donald Trump said Monday he will again withdraw the United States from the landmark Paris climate agreement, dealing a blow to worldwide efforts to combat global warming and once again distancing the U.S. from its closest allies.

Businessman and former New York mayor Michael Bloomberg said this week that his philanthropic foundation will contribute the U.S.’s financial obligations under the Paris Climate Agreement to the

Michael Bloomberg’s philanthropic organization and others are stepping in to maintain US contributions to the agency tasked with implementing the Paris Agreement.

The president on Monday announced his intention to withdraw the country, for the second time, from the global emissions reduction pact.

Exiting the Paris agreement “is in clear defiance of scientific realities and shows an administration cruelly indifferent to the harsh climate change impacts that people in the

This marks the second time Bloomberg, the former mayor of New York, has stepped in to fill the gap left by U.S. federal disengagement.

Abandoning the Paris climate deal for the second time was among a flurry of first-day moves by Trump aimed at pumping up already record high domestic energy production, sending a signal to the rest of the world the U.S. will no longer engage in multilateral efforts to combat climate change.

The government will double down on efforts against climate change with other diplomatic partners following the United States’s withdrawal from the Paris Agreement, says Nik Nazmi Nik Ahmad.

Jan 23 - As world leaders grapple with the U.S. withdrawal from the Paris Agreement, Brazil, the host of this year’s COP30 global climate summit, sees an opportunity to amplify the voices of developing nations in what will be a fierce dispute over who will pay for the global transition to cleaner energy sources.

Sustainable investors are getting ready to see what a two-speed world looks like. On Monday, President Donald Trump withdrew the US from the Paris Agreement, the global accord to fight climate change by slashing the greenhouse gas emissions that cause global warming.

The US reversal on climate change will have “a big influence” on discussions at the global summit, said COP30 President Andre Correa do Lago.