{"id":36174,"date":"2018-03-22T16:44:41","date_gmt":"2018-03-22T16:44:41","guid":{"rendered":"http:\/\/www.climatechangenews.com\/?p=36174"},"modified":"2018-03-22T17:09:05","modified_gmt":"2018-03-22T17:09:05","slug":"macron-eu-mad-trade-deals-us-paris-withdrawal","status":"publish","type":"post","link":"https:\/\/www.climatechangenews.com\/2018\/03\/22\/macron-eu-mad-trade-deals-us-paris-withdrawal\/","title":{"rendered":"Macron: EU ‘mad’ to do trade deal with US after Paris climate withdrawal"},"content":{"rendered":"

Climate Home News is one of the world\u2019s most trusted sources of climate politics news.\u00a0Sign up<\/a>\u00a0for our newsletter.<\/span><\/em><\/p>\n

French president Emmanuel Macron has warned\u00a0the EU would be \u201cmad\u201d to sign a trade agreement with countries that refused to\u00a0honour the Paris climate agreement.<\/span>
\n<\/span><\/strong><\/p>\n

Macron was speaking a day after the Irish Taoiseach, Leo Varadkar,\u00a0implored Trump to consider<\/span><\/a>\u00a0\u201ca new trade deal between the US and the EU\u201d, as a way of lowering trade tensions over steel and aluminium tariffs.<\/span><\/p>\n

Speaking at a conference in Brussels, Macron said that since Trump had indicated US withdrawal from the Paris deal, a new trade deal would undermine clean energy producers in Europe, and project a message of weakness abroad.<\/span><\/p>\n

Far from bending to the will of the US, \u201ctrade agreements should reverse the burden of proof,\u201d Macron said. \u201cThey should be a way of spreading our standards. Anyone who signs an agreement with the EU should be committing to put the Paris Agreement into practice…<\/span><\/p>\n

\u201cWe even go beyond our own rules and ask our own economic agents to do the same. Why should we sign a trade agreement with powers that say they don’t want to implement the Paris Agreement? We would be mad [to do so].\u201d<\/span><\/p>\n

Macron said that the world’s multilateral rules-based trade policy was \u201cthreatened by unilateral temptations\u201d.<\/span><\/p>\n

\u201cI’m not in favour of showing any softness to those who decide to break those rules,\u201d he said. \u201cWe can no longer pursue objectives that work against our own [climate] policies inside our own borders.”<\/span><\/p>\n

\n

EU:<\/strong>\u00a0‘No new trade deals with countries not in Paris Agreement’<\/a><\/p>\n<\/blockquote>\n

Doing so would \u201cdiscourage\u201d Europe’s clean energy investors who might suffer from unfair competition as a result, he added.<\/span><\/p>\n

The French\u00a0leader also made an impassioned plea for a European carbon floor price, and a border tax to prevent cheap, carbon-intensive products entering the EU market which could undermine cleaner local producers.<\/span><\/p>\n

Macron called for the EU’s budget – currently being negotiated – to increase the fifth of budget spending currently earmarked for climate measures.\u00a0This is likely to upset some other\u00a0EU states, such as Poland, which has painted climate action<\/a> as a drag on economic growth.<\/span><\/p>\n

\u201cIn the [European] Council debate, we have to set an objective that none of the expenditure is hostile to the climate,\u201d he said. \u201cSetting climate spending at 40% of the budget would be ambitious compared to today but I think we can achieve it.\u201d<\/span><\/p>\n

Macron’s oration brought what would normally have been a staid sustainable finance conference to its feet for a one minute standing ovation, with attendees enthralled at the sight of an EU leader ‘walking the walk’ in the face of Trumpian assault on Paris.<\/span><\/p>\n

\u201cI think he’s right,\u201d Christiana Figueres, the former UN climate chief told Climate Home News immediately after hearing Macron’s comments linking trade deals to the Paris accord. \u201cWhat more can I say?\u201d<\/span><\/p>\n

Last month, CHN reported the French foreign minister,\u00a0Jean-Baptiste Lemoyne,<\/span>\u00a0said<\/span><\/a>\u00a0that if Trump withdrew the US form the Paris agreement, there would be \u201cno trade agreement – the US knows what to expect\u201d.<\/span><\/p>\n

That position was subsequently\u00a0backed up by the European Commission<\/a>\u00a0and the practice is already implemented in some of the EU’s latest trade deals<\/span>. Macron’s comments on Thursday were the first time a European head of state has referred to the precondition.<\/span><\/p>\n

Earlier in the day, the UN’s special climate envoy, Michael Bloomberg, told the conference that under Trump, Washington was \u201cout of synch with the national zeitgeist but it matters less\u201d.<\/span><\/p>\n

US cities and regions representing emissions roughly equivalent to the UK, France and Germany combined remained committed to the Paris Agreement, he said.<\/span><\/p>\n

In a bid partly intended to reverse the shortfall in climate funding caused by the US’ reneging on Obama-era spending commitments [link], the Global Covenant of Mayors issued a new funding call in Brussels.<\/span><\/p>\n

Multilateral banks including the EIB, EBRD and World Bank, appealed to states, pension funds and investment houses for $200m to fund developing cities and $600m for enhanced credit financing.<\/span><\/p>\n

This sum could then be leveraged up to $6bn, according to Cristiana Fragola, a director of the covenant.<\/span><\/p>\n

\u201cIf pension funds – most of which spend just one-two percent of their funds on climate action – were to allocate even a minor portion of their assets to this call, we could really move the needle substantially,\u201d she told CHN.<\/span><\/p>\n

Republish this article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"‘I’m not in favour of showing any softness to those who decide to break those rules,’ the French president said about the deal struck in his capital in 2015","protected":false},"author":20,"featured_media":36176,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[82,4171,98],"tags":[],"coauthors":[4125],"class_list":["post-36174","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-eu","category-paris-agreement","category-us","type-news"],"acf":[],"yoast_head":"\nMacron: EU 'mad' to do trade deal with US after Paris climate withdrawal<\/title>\n<meta name=\"description\" content=\"'I'm not in favour of showing any softness to those who decide to break those rules,' the French president said about the deal struck in his capital in 2015\" \/>\n<meta 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