Congress finds the following:
(1)
In Paris, on December 12, 2015, parties to the United Nations Framework Convention on Climate Change (UNFCCC) reached a landmark agreement to combat climate change and to accelerate and intensify the actions and investments needed for a sustainable low carbon future.
(2)
The Paris Agreement’s central aim is to strengthen—
(A)
international cooperation among parties on reducing global greenhouse gas emissions to mitigate the threat of climate change by keeping a global average temperature increase below 2 degrees Celsius above pre-industrial levels and to pursue efforts to limit the temperature increase even further to 1.5 degrees Celsius; and
(B)
ambition towards achieving global greenhouse gas emission reductions sufficient to reaching the goals of the Paris Agreement by requiring parties to make their own nationally determined contribution (NDC) of greenhouse gas emission reductions.
(3)
The Paris Agreement is the premier intergovernmental forum and mechanism at the disposal of the United States for protecting and advancing United States strategic and economic interests in a changing, low-carbon, global economy.
(4)
The enhanced transparency and reporting framework established under the Paris Agreement will provide an effective means of holding other parties accountable for their commitments.
(5)
The United States is playing a leading role in the development of procedures and guidelines to implement the transparency framework under the Paris Agreement.
(6)
Since May 31, 2017, more than 400 United States mayors have adopted the Paris Agreement goals for their cities and 24 United States governors have formed a bipartisan coalition to realize the Paris Agreement goals at the State level.
(7)
The Paris Agreement—
(A)
notes the importance of “climate justice” when mitigating and adapting to climate change; and
(B)
recognizes “the need for an effective and progressive response to the urgent threat of climate change”.
(8)
The cost of inaction on climate change will have devastating impacts to the United States economy, costing billions of dollars in lost GDP.
(9)
The Paris Agreement further requires each party to update its nationally determined contribution every 5 years, and these NDC should reflect the party’s highest possible ambition.
(10)
The United States communicated its first nationally determined contribution to achieve an economy-wide target of reducing its greenhouse gas emissions by 26 to 28 percent below its 2005 level in 2025 and to make best efforts to reduce its emissions by 28 percent.
(11)
A number of existing laws, regulations, and other mandatory measures in the United States are relevant to achieving this target, including the Clean Air Act (
42 U.S.C. 7401 et seq.), the Energy Policy Act of 1992 (Public Law
102–486), and the Energy Independence and Security Act of 2007 (Public Law
110–140).
(12)
On June 1, 2017, President Donald J. Trump announced his intention to withdraw the United States from the Paris Agreement, negotiate our way back into Paris, or “negotiate a new deal”.
(13)
Withdrawal from the Paris Agreement would leave the United States as the only UNFCCC member state that is not a signatory to the Paris Agreement.
(14)
Dozens of foreign heads of state have expressed support for the United States to remain a party to the Paris Agreement.
(15)
Leading companies across major economic sectors believe that the participation of the United States in the Paris Agreement strengthens United States employment, growth, and competitiveness and that withdrawal from the Agreement would put United States companies at a competitive disadvantage.
(16)
Under the terms of the Paris Agreement, the earliest possible effective withdrawal date by the United States is November 4, 2020. However, the United States is still obligated to maintain certain commitments under the United Nations Framework Convention on Climate Change, such as continuing to report its emissions to the United Nations.