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Francois Villeroy discusses US withdrawal from Paris climate accord - Global Banking & Finance Review
Francois Villeroy de Galhau, ECB official, expresses regret over US withdrawal from the Paris climate accord during an interview at Davos. This image highlights his remarks related to environmental risks in finance.
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ECB's Villeroy: US move to leave Paris climate deal regrettable, unsurprising

Published by Global Banking & Finance Review

Posted on January 21, 2025

1 min read

· Last updated: January 21, 2025

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ECB's Villeroy Regrets US Exit from Paris Climate Deal

PARIS (Reuters) - U.S. President Donald Trump's decision to leave the Paris climate accord for the second time was regrettable but unsurprising, Francois Villeroy de Galhau, a European Central Bank official, said on Tuesday.

"We regret Mr. Trump's announcement to leave the Paris Agreement, which was not a surprise," Villeroy, who is also the French central bank chief, said in an interview with Bloomberg TV from the annual gathering in Davos, Switzerland.

Even before Trump returned to office on Monday, the U.S. Federal Reserve withdrew from the Central Banks and Supervisors Network for Greening the Financial System, a group launched in 2017 to police environmental risks in finance.

But Villeroy said the group, which still has more than 140 members, "is more committed and active than ever."

(Reporting by Makini Brice, Editing by Charlotte Van Campenhout and Christina Fincher)

Key Takeaways

  • Trump's decision to leave the Paris climate accord is regrettable.
  • Villeroy was unsurprised by the US withdrawal.
  • The Central Banks Network remains committed to environmental finance.
  • The US Federal Reserve exited the network before Trump's return.
  • The network still has over 140 active members.

Frequently Asked Questions

What is the main topic?
The main topic is the US decision to leave the Paris climate deal and its implications.
Why is Villeroy's reaction significant?
Villeroy's reaction highlights the ECB's stance on climate finance and the importance of international cooperation.
What is the Central Banks Network?
It's a group focused on addressing environmental risks in finance, with over 140 members.

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