“The decision of the US President to withdraw from the Paris Climate Agreement is a major setback for international politics. The isolationist course adopted by Donald Trump in climate policy stands in contradiction to the investment strategies of many companies in the US and worldwide that support the Paris Agreement.
European policymakers have to react calmly and cool-headed. Europe and Germany in particular, have very ambitious climate targets. German industry will continue to support these targets in the future. But it would be wrong to step up our own reduction targets in reaction to the US decision.
Protecting the climate is only possible with global cooperation. Unreliability and unpredictability are poison for the global solutions we need. The G20 states that continue to support the Paris Agreement must now cooperate even more closely and show that climate protection and economic productivity can grow hand in hand.”