The UNFCCC, under which the landmark Paris agreement was negotiated and adopted, said it "regrets" the announcement by US President Donald Trump that his government will withdraw from the Paris Climate Change Agreement.
Trump, making his announcement from the Rose Garden of the White House said his administration will begin negotiations to reenter either the Paris Accord or an entirely new pact "on terms that are fair to the United States, its businesses, its workers, its people, its taxpayers."
"The Paris Agreement remains a historic treaty signed by 194 and ratified by 147 counties. Therefore it cannot be renegotiated based on the request of a single Party," UNFCCC said.
It added that it stands ready to engage in dialogue with the United States government regarding the implications of the announcement.
"The Paris Agreement is aimed at reducing risk to economies and lives everywhere, while building the foundation for a more prosperous, secure and sustainable world. It enjoys profound credibility, as it was forged by all nations and is supported by a growing wave of business, investors, cities, states, regions and citizens," the UN framework convention said, underscoring its commitment to "continue working with all governments and partners in their efforts to fast forward climate action at global and national levels."
Disclaimer: No Business Standard Journalist was involved in creation of this content