The United States officially informed the United Nations it will be withdrawing from the Paris Climate Agreement in a document issued on Friday.
The State Department also said in a press release that the United States would continue to participate in United Nations climate change meetings during the withdrawal process, which is expected to take at least three years.
“The United States supports a balanced approach to climate policy that lowers emissions while promoting economic growth and ensuring energy security,” the department said in the release.
The deal came to a stand still after President Donald Trump announced his decision to withdraw saying the accord would have cost America trillions of dollars.
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He also emphasised that the deal would have killed a great number of jobs, and could negatively impact the oil, gas, coal and manufacturing industries.
The US however, says its still open to renegotiating the deal which hasn’t settled well with the other countries and leaders who said that would be impossible.
A good number of business leaders have considered Trump’s withdrawal as a blow to international efforts to combat climate change, and a missed opportunity to capture growth in the emerging clean energy industry.
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