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Statement by Kurt Bock to the U.S. withdrawal from the Paris Climate Agreement

"I deeply regret the decision of the U.S. President to withdraw the Unites States from the Paris Climate Agreement. As Chair of the B20 Energy, Climate & Resource Efficiency Taskforce, representing 97 businesses from 22 countries and diverse economic sectors, I can say that the Business 20, the official business dialogue to the G20, supports the Paris Climate Agreement and its implementation. We must now ensure that all other stakeholders live up to their commitments. These are already ambitious.

The other 19 members of the G20 cannot compensate for U.S. commitments of greenhouse gas emissions. They should rather use the Summit in Hamburg in July to increase their cooperation on climate protection and confirm their remaining strong commitments. The Paris Climate is set to establish a consistent and predictable framework, which is necessary to foster market-oriented and cost-effective approaches to reducing CO2 emissions. In this way, we seek to ensure that the best solutions will be found to address climate change and its consequences, while guaranteeing competitiveness, economic growth, and jobs through business innovation."

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