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US exiting the Paris Agreement

US exiting the Paris Agreement
•United States initiated the process of leaving the Paris Agreement, notifying the United Nations of its withdrawal from the landmark climate deal.( The withdrawal will take effect one year from delivery of the notification)
•The withdrawal is not immediate, however. It takes effect one year after the submission of the notice. It means the United States will be out of Paris Agreement only on November 4 next year 【Means its good for world if Republic won't come in power again 🙄!】
The Paris Agreement is an agreement within the United Nations Framework Convention on Climate Change, dealing with greenhouse-gas-emissions mitigation, adaptation, and finance, signed in 2016 [adopted in December 2015]
•The pact seeks to keep global temperature rise to below 2 degrees Celsius from pre-industrial levels, and to try and limit the temperature increase even further to 1.5 degrees Celsius
•While it is pulling out of the Paris Agreement, it remains part of the UNFCCC, the mother agreement that was finalised in 1994
India & RCEP
•India decided that it won’t sign the Regional Comprehensive Economic Participation agreement
•India was concerned that joining the RCEP trade pact could lead to Chinese goods flooding the Indian markets, and India’s trade deficit ballooning against most of the RCEP members
• India argued that,It would have led to several sectoral producers such as those in the dairy and steel sector being dominated by foreign competition

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