Page 12 - The South China Business Journal
P. 12
South China Business Journal
in Action
HIGHLIGHTWashington dent Donald J. Trump (fro
U.S. Presi m bing.com)
President Trump
Announced U.S.
Withdrawal from the
Paris Climate Accord
President Donald J. Trump announced that Today’s announcement is yet another example
the United States will withdraw from the Paris of the President’s commitment to put America
Climate Accord, and begin negotiations to either re-en- and its workers first.
ter or negotiate an entirely new agreement with more
favorable terms for the United States. The Whitehouse According to a study by NERA Consulting,
offered the following explanations: meeting the Obama Administration’s require-
ments in the Paris Accord would cost the U.S.
“The decision is a fulfillment of the promise President economy nearly $3 trillion over the next several
Trump made to the American people during his cam- decades.
paign. During the address in the Rose Garden at the
White House, the President vowed that the U.S. would President Obama committed $3 billion to the Green
maintain its position as a world leader in clean energy, Climate Fund - which is about 30 percent of the initial
while protecting the economy and strengthening the funding – without authorization from Congress.
work force.
The Obama-negotiated Accord imposes unrealistic
The Paris Climate Accord cost the U.S. economy nearly targets on the U.S. for reducing our carbon emissions,
$3 trillion in reduced output, over 6 million industrial while giving countries like China a free pass for years
jobs, and over 3 million manufacturing jobs. to come. Under the Accord, China will actually in-
crease emissions until 2030.
According to researchers at MIT, if all member nations
met their obligations, the impact on the climate would
be negligible. The impacts have been estimated to be
likely to reduce global temperature rise by 0.2 degrees
Celsius in 2100.
Cover Picture: The Rose Garden | (Official White House Photo by
Joyce N. Boghosian)
10
in Action
HIGHLIGHTWashington dent Donald J. Trump (fro
U.S. Presi m bing.com)
President Trump
Announced U.S.
Withdrawal from the
Paris Climate Accord
President Donald J. Trump announced that Today’s announcement is yet another example
the United States will withdraw from the Paris of the President’s commitment to put America
Climate Accord, and begin negotiations to either re-en- and its workers first.
ter or negotiate an entirely new agreement with more
favorable terms for the United States. The Whitehouse According to a study by NERA Consulting,
offered the following explanations: meeting the Obama Administration’s require-
ments in the Paris Accord would cost the U.S.
“The decision is a fulfillment of the promise President economy nearly $3 trillion over the next several
Trump made to the American people during his cam- decades.
paign. During the address in the Rose Garden at the
White House, the President vowed that the U.S. would President Obama committed $3 billion to the Green
maintain its position as a world leader in clean energy, Climate Fund - which is about 30 percent of the initial
while protecting the economy and strengthening the funding – without authorization from Congress.
work force.
The Obama-negotiated Accord imposes unrealistic
The Paris Climate Accord cost the U.S. economy nearly targets on the U.S. for reducing our carbon emissions,
$3 trillion in reduced output, over 6 million industrial while giving countries like China a free pass for years
jobs, and over 3 million manufacturing jobs. to come. Under the Accord, China will actually in-
crease emissions until 2030.
According to researchers at MIT, if all member nations
met their obligations, the impact on the climate would
be negligible. The impacts have been estimated to be
likely to reduce global temperature rise by 0.2 degrees
Celsius in 2100.
Cover Picture: The Rose Garden | (Official White House Photo by
Joyce N. Boghosian)
10
