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On June 1, 2017, President Trump announced his intention to withdraw the United States from the Paris agreement. This executive briefing aims to put this announcement and the unfolding events since into a business context. The briefing draws on a survey of 76 senior executives in major European and US corporations to gauge the anticipated effects of the US withdrawal from the Paris agreement on their companies’ climate strategy and carbon reduction efforts.
- No major changes to companies’ climate strategies are expected in the short term.
- Some of the US administration’s actions may take years to be implemented.
- Energy prices matter most in shaping the future energy mix and CO2 levels.
- For US companies, the withdrawal could negatively affect competitive positioning.
- A key uncertainty is if the US decision will cause a domino effect on other countries.
Most sustainability executives expect business to continue as usual. But there are a few risks to watch out for…Read more in US Leaving Paris Accord: Much Ado About Nothing?