The Paris Agreement(French: Accord de Paris), or Paris climate accord and Paris climate agreement, is an agreement within the United Nations Framework Convention on Climate Change (UNFCCC) dealing with greenhouse gas emissions mitigation, adaptation and finance starting in the year 2020.
However President Trump has recently decided to abandon the accord and might renegotiate the clauses to re-enter the agreement. Is his decision right? Only time will tell. But the ignorance towards the climate change can lead to subsequent economical impacts. Some of which are as follows: