Currently, 197 countries – every nation on earth, the last signatory is war-torn Syria – have adopted the Paris Agreement. 179 of them have consolidated their climate proposals with official approval, including, for the time being, the United States. The only major emitters that have yet to formally accede to the agreement are Russia, Turkey and Iran. The Chairman: Thank you very much. (Applause) Thank you very much. First of all, I would like to talk about the terrorist attack in Manila. We are monitoring the situation closely and I will continue to provide updates if anything happens during that time. But it`s really very sad what`s going on with terror all over the world. Our thoughts and prayers are with everyone involved. Before I talk about the Paris Agreement, I would like to start by updating our enormous economic progress – absolutely enormous – since the day of the elections on 8 November.
The economy is starting to come back, and very, very quickly. We have added $3.3 trillion in market value and more than $1 million in private sector jobs to our economy. The agreement stated that it would only enter into force (and therefore fully effective) if 55 countries that produce at least 55% of global greenhouse gas emissions (according to a list drawn up in 2015)  ratify, accept, approve or adhere to the agreement.   On April 1, 2016, the United States and China, which together account for nearly 40% of global emissions, issued a joint statement confirming that the two countries would sign the Paris climate agreement.  175 contracting parties (174 states and the European Union) signed the agreement on the first day of its signing.   On the same day, more than 20 countries announced plans to join the accession as soon as possible in 2016. The ratification by the European Union has achieved a sufficient number of contracting parties to enter into force on 4 November 2016. We have one of the most frequent energy reserves in the world, enough to lift America`s poorest working people out of poverty. But as part of this agreement, we are effectively locking up these reserves and taking the great wealth of our nation – it is a great wealth, it is a phenomenal wealth.
Not so long ago, we had no idea that we had such wealth and that we were leaving millions and millions of families trapped in poverty and unemployment. To contribute to the goals of the agreement, countries presented comprehensive national climate change plans (national fixed contributions, NDC). These are not yet sufficient to meet the agreed temperature targets, but the agreement points to the way forward for further measures. The 32-part document sets out a framework for global action on climate change, including climate change mitigation and adaptation, support for developing countries and transparency of reporting, and strengthening climate change goals.