Will Trump's Paris agreement exit spur job growth?

Cheryl Sanders
June 3, 2017

Environmental campaigners staged protests Friday against President Donald Trump's decision to pull the United States out of the Paris climate accord, while other nations pledged to double down on their efforts to curb global warming in response to the USA move.

Catastrophic global warming - which Trump's move has now made more likely - threatens us with far more total economic damage than it threatens any other country. "In a very real sense, it was a transfer of wealth from the most powerful economy in the world to other countries around the planet", Pence said.

He doesn't seem to understand that the world is not laughing at America, they're laughing at him!

Thus, Trump argued that the trade-offs come down against the agreement, while Trump critics argue that the trade-offs come down in favor of the accord.

Democratic governors of California, New York, and Washington also announced the creation of the United States Climate Alliance. "Investors have already envisaged the investment prospects and the business prospects and the potential benefit from the policies that have been put in place", Zhan said.

Trump sparked global outcry on Thursday when he announced the decision to pull the USA out of the Paris Agreement on climate change.

The Paris Climate Agreement was negotiated by representatives of 195 countries in Paris and went into effect on November 4, 2016.

Belgian Prime Minister Charles Michel called the decision to withdraw from the Paris climate agreement "a brutal act" and "an irresponsible decision that detracts from the promises made".

He called the deal a hoax by China. "US mayors have committed their cities to address climate change and will continue to do so". As the planet's second-largest emitter of greenhouse gases, what the USA does domestically on climate change matters a great deal.

Moscow wants to wait before ratifying the Paris climate agreement until the participating countries set out clear-cut rules, Putin stressed.

Almost 4,000 miles away, Parisian Raphael Angeli said Trump's decision puts him at odds with many of his fellow citizens and much of the world.

A number of business and industry figures criticised Trump's decision, while others focussed on what it might mean to their trade.

The World Meteorological Organization estimated that US withdrawal from the emissions-cutting accord could add 0.3 degrees Celsius to global temperatures by the end of the century in a worst-case scenario.

America's withdrawal from the climate-rescue Paris Agreement under Donald Trump is a blow to global unity but may be a blessing in disguise for the pact itself, observers said.

Even Trump's voter base largely supports Paris.

This was not the first time that the USA was opting out of an worldwide climate agreement, environmentalists pointed out.

Under former President Barack Obama, the US had agreed under the accord to reduce polluting emissions by more than a quarter below 2005 levels by 2025.

The EU will not be looking to impose sanctions on the U.S., however, according to EU Climate and Energy Commissioner Miguel Arias Canete.

There are good reasons for China and Europe to come together and form a powerful bloc to lead worldwide efforts to reduce greenhouse gas emissions.

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