So far, funds have been allocated to projects around the world, including water protection in Morocco and assistance to farmers to cope with extreme weather conditions in Sri Lanka. Trump`s exit from the Paris accord will have an impact on other countries by cutting financial assistance to the Green Climate Fund. [12] The end of US funding of $3 billion will have a final impact on climate change research and will reduce society`s chances of meeting the Paris Agreement goals and omit U.S. contributions to future IPCC reports. [13] [14] Trump`s decision will also affect CO2 emission space and carbon prices. [15] The withdrawal of the United States will also mean that the place where the global climate regime can be adopted will be accessible to China and the EU. [16] The main objective of the agreement is to keep the increase in global average temperature well below 2 degrees Celsius above pre-industrial levels, including by reducing greenhouse gas emissions. The agreement is different from the 1997 Kyoto Protocol, the last UNFCCC amendment, which was widely adopted, as no annex is established to reduce the liability of developing countries. On the contrary, emission targets have been negotiated separately for each nation and must be implemented voluntarily, so U.S. officials view the Paris agreement as an executive agreement rather than a legally binding agreement. This reversed the U.S. Congress` commitment to ratify the agreement. [20] In April 2016, the United States signed the Paris Agreement and adopted it by executive order in September 2016.

President Obama forced the United States to pay $3 billion for the Green Climate Fund. [21] The Fund has set a goal of raising $100 billion per year by 2020. To support Mr. Trump`s assertion that «total compliance with U.S. GDP over 10 years could ultimately decline by $2,500 billion,» White House spokesman Cheung said in a March comment on the Heritage Foundation website. This related to the work originally done by the Principal Statistician of the Heritage Foundation Kevin D. Dayaratna and others in an April 2016 report. The Heritage Foundation`s mission is to «formulate and promote conservative public policies.» The White House said Trump would end the implementation of former President Barack Obama`s CO2 reduction targets,[35] and that the withdrawal would be consistent with the years of withdrawal processes under the agreement.

[4] On September 16, 2017, an EU official said that the Trump administration had apparently weakened its position on exiting the agreement.