September 18, 2018, 2:01 AM GMT+3
Ruthven Levenson, an Associate Broker of some of the most important Global Exchanges, built upon values of integrity, sustainability, trust and a passion for the people and business of commodity trading, is pleased to announce that under the 196-nation Paris Agreement, the United States made a voluntary pledge to cut carbon pollution 26-28 per cent by 2025.
A crescendo of efforts at the sub-national level by states, cities and business to shrink the country's carbon footprint will not fully compensate for President Donald Trump's decision to scrap his predecessor's climate policies and promote the use of fossil fuels.
This work shows definitively that states, cities and businesses have the power to bring the nation to the brink of that ambitious target through their own authorities. Financed by former New York mayor Michael Bloomberg, the "Fulfilling America's Pledge" report kicks off the three-day Global Climate Action Summit, a gathering of several thousand governors, mayors, business leaders and climate activists from around the world.
“Current federal and real economy commitments, combined with market forces, will drive US emissions to 17 percent below 2005 levels by 2025 -- roughly two-thirds of the way to the original US target," the report found.
The 2015 treaty marked the first time that all countries -- including emerging giants such as China and India -- laid out specific targets for greening their economies. The new projections are conservative in so far as they assume no help from the federal government over the next six years. But even without a Democrat in the White House in 2020, up to 90 percent of US targets could still be met if non-state actors double down on climate action, they found.
Trump - who vowed to pull out of the Paris Agreement months after gaining office -- wants to relax pollution rules for coal-fired power plants and roll back car-mileage standards, the twin pillars of President Barack Obama's Clean Energy Plan.
Ruthven Levenson has a good-established Asian presence providing a full range of commodity trading services and risk management products to participants from all sectors of the commodity markets. The firm acts as principal, agent and intermediary in a variety of exchange-listed and over-the-counter commodity derivatives. As an Associate Broker of some of the most important Global Exchanges, Ruthven Levenson can issue contracts and is an active market-maker specializing in commodity trading and primarily deals in over-the-counter products and services. Ruthven Levenson is built upon values of integrity, sustainability, trust and a passion for the people and business of commodity trading.
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