Advertisement
Canada markets closed

  • S&P/TSX

    21,885.38
    +11.66 (+0.05%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • CAD/USD

    0.7325
    +0.0002 (+0.02%)
     

  • CRUDE OIL

    83.82
    +0.25 (+0.30%)
     

  • Bitcoin CAD

    88,193.06
    +474.78 (+0.54%)
     

  • CMC Crypto 200

    1,391.73
    +9.16 (+0.66%)
     

  • GOLD FUTURES

    2,345.90
    +3.40 (+0.15%)
     

  • RUSSELL 2000

    1,981.12
    -14.31 (-0.72%)
     

  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     

  • NASDAQ futures

    17,771.25
    +203.75 (+1.16%)
     

  • VOLATILITY

    15.37
    -0.60 (-3.76%)
     

  • FTSE

    8,078.86
    +38.48 (+0.48%)
     

  • NIKKEI 225

    37,788.11
    +159.63 (+0.42%)
     

  • CAD/EUR

    0.6825
    +0.0004 (+0.06%)
     

What is the Paris Climate Agreement and why has Biden rejoined the deal? OLD

Louise Boyle
·1 min read
President-elect Joe Biden speaks during an event at The Queen theater in Wilmington, Delaware, Tuesday, 8 December, 2020, to announce his health care team (AP)
President-elect Joe Biden speaks during an event at The Queen theater in Wilmington, Delaware, Tuesday, 8 December, 2020, to announce his health care team (AP)

President Joe Biden rejoined the Paris Climate Agreement on his first day in office, one of a sweep of executive orders to tackle the climate crisis.

The executive action will see the the US rejoin the international pact to cut global emissions and get a grip on the climate crisis.

Donald Trump withdrew the US from the agreement in 2017, calling it a “disaster” for America.

“I will join the Paris Accord because with us out of it, look what’s happening. It’s all falling apart,” Biden said during his first presidential debate with Donald Trump, pointing to the rampant destruction of Brazil’s rainforests, happening in the vacuum of US diplomatic leadership.

ADVERTISEMENT

Read more: What are Biden's plans to fight climate change?

Below is a breakdown of the background, significance and future prospects of the Paris Accord - and what it will mean for the US to re-enter.