US withdrawal from Paris Accord puts technology at forefront of climate challenge

One of three countries globally to not participate

Ben Constable-Maxwell, from M&G's corporate finance and stewardship team, argues that investing in renewable energy and technology is now more important than ever in the fight against climate change.

As expected, and as promised during his campaign, US President Donald Trump announced that the US will withdraw from the Paris Climate Accord, the 2015 agreement setting greenhouse gas (GHG) emission reduction targets for individual countries. One of the major achievements of the agreement was the near universality of the commitment, given that it covered 195 of the world's 197 countries, including all the major carbon emitters. The US will now join Syria and Nicaragua in the list of countries absent from this global consensus. Investors condemn Trump's 'troubling' withdrawal from ...