Our results show that the politically motivated Paris Climate Agreement is also the economically advantageous path if properly implemented. Although President Donald Trump withdrew the United States from the Paris Agreement in 2017, the effects of this agreement are still enforceable under the rules put in place a few years ago. It will not be by 2020 if the Americans are no longer held responsible for the provisions of this agreement. The EU and its Member States are among the nearly 190 parties to the Paris Agreement. The EU formally ratified the agreement on 5 October 2016, allowing it to enter into force on 4 November 2016. For the agreement to enter into force, at least 55 countries, which have escaped at least 55% of global emissions, had to deposit their instruments of ratification. It will also enable the parties to gradually increase their contribution to the fight against climate change in order to achieve the long-term objectives of the agreement. . . .
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