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00:00SEFCOVIC. THANK YOU FOR GIVING US A LITTLE OF YOUR PRECIOUS TIME. DO YOU THINK THE E.U. WILL RETALIATE BECAUSE OF WHAT THE PRESIDENT ANNOUNCED YESTERDAY? DO YOU PLAN ANY SANCTIONS ON THE U.S.? > > I THINK IT IS VERY PREMATURE TO HAVE THIS TYPE OF DISCUSSION. I THINK IT IS QUITE CLEAR FROM THE REACTIONS OF YESTERDAY AND TODAY THAT THE DECISION OF UNITED STATES FEDERAL GOVERNMENT AND THE ANNOUNCEMENT OF THE AMERICAN PRESIDENT WAS VERY DISAPPOINTING FOR ALL OF US AND WILL HAVE CONSEQUENCES. THE PARTIES AGREED ON THIS INTERNATIONAL TREATY WHICH WAS CAREFULLY NEGOTIATED, APPROVED, SIGNED, RATIFIED, AND ALREADY ENTERED INTO FORCE. IT IS VERY DIFFICULT TO SAY NOW WE ARE NOT GOING TO RESPECT THAT. FRANCINE: A NUMBER OF CEO ' S AND BUSINESS LEADERS HAVE CONDEMNED PRESIDENT TRUMP ' S DECISION. WHAT CONSEQUENCES ARE YOU EXPECTING FROM BUSINESSES AND DO YOU BELIEVE THERE WILL BE CONSEQUENCES FROM EUROPEAN CEO ' S? MR. SEFCOVIC: FIRST I WOULD LIKE TO SAY THAT IF YOU LOOK AT THIS FROM A LONGER PERSPECTIVE, THIS DECISION CAN BE DESCRIBED AS A PLANETARY MISTAKE. THE DECISION OF THE U.S. FEDERAL GOVERNMENT IS TRYING TO PUSH THE U.S. BACK TO THE SECOND INDUSTRIAL REVOLUTION. WE ARE WORKING VERY CLOSELY WITH MANY AMERICAN CITIES ON THE GLOBAL COVENANT OF MAYORS. I HAVE SEEN CLEAR STATEMENTS OF GOVERNORS OF WASHINGTON, NEW YORK, AND CALIFORNIA, AND I ' M GOING TO MEET GOVERNOR BROWN NEXT WEEK IN CHINA. I BELIEVE THE BUSINESSES IN UNITED STATES, THEY KNOW VERY WELL WHERE THE FUTURE LIES. THEY KNOW HOW THE NEW TYPE OF ENERGIES LIKE SOLAR AND WIND ARE STRONG IN JOB CREATION, AND THE AMERICAN FUTURE. WE ARE CONVINCED ABOUT THAT IN EUROPE AND I WOULD SAY ALL OVER THE WORLD. I HAVE STRONG FAITH IN AMERICAN CITIES AND AMERICAN BUSINESSES REALLY TO PUSH AMERICA IN THE

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EU's Sefcovic 'Disappointed' in Trump Paris Decision

EU Energy Commissioner Maros Sefcovic discusses the decision by U.S. President Donald Trump to exit the Paris climate deal. He speaks with Bloomberg's Francine Lacqua on "Bloomberg Surveillance." (Source: Bloomberg)

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