What President Trump got wrong about the Paris accord on climate change President Trump announced on Thursday he will withdraw from the Paris Accord on climate change. The United States now joins only two countries — Nicaragua and Syria — in opposing the climate agreement that all other nations reached in 2015. Trump’s speech was full of misstatements. Below are some of our fact-checks of his speech. See the full round-up here. "We're getting out, but we will start to negotiate, and we will see if we can make a deal that's fair." Each country set its own commitments under the Paris Accord, so Trump's comment is puzzling. He could unilaterally change the commitments offered by President Barack Obama, which is technically allowed under the Accord. But there is no appetite to renegotiate the entire agreement, as made clear by various statements from world leaders after his announcement. "China will be allowed to build hundreds of additional coal plants. So, we can't build the plants, but they can, according to this agreement. India will be allowed to double its coal production by 2020." This is false. The agreement is nonbinding and each nation sets its own targets. There is nothing in the agreement that stops the United States from building coal plants or gives the permission to China or India to build coal plants. In fact, market forces, primarily reduced costs for natural gas, have forced the closure of coal plants. China announced this year that it would cancel plans to build more than 100 coal-fired plants. Enjoy this newsletter? Forward it to someone else who'd like it! If this e-mail was forwarded to you, sign up here for the weekly newsletter. Hear something fact-checkable? Send it here, we’ll check it out. (catgifpage.com) "Compliance with the terms of the Paris accord and the onerous energy restrictions it has placed on the United States could cost America as much as 2.7 million lost jobs by 2025, according to the National Economic Research Associates." These statistics are from a study funded by opponents of the Paris Accord. So the figures must be viewed with a jaundiced eye. Moreover, the study assumed a scenario that no policy analyst expects — that the United States takes drastic steps to meet the Obama pledge of a 26 to 28 percent reduction in emissions by 2025. And the study did not consider possible benefits from reducing climate change, nor the net impact. In the speech, Trump also said the "cost to the economy" would by nearly $3 trillion in lost gross domestic product by 2040. Over more than two decades, so "$3 trillion" amounts to a reduction of 6 percent. The study concludes coal usage would almost disappear, but innovation in clean energy sources would slow considerably, which also raises the cost of complying with the commitments. Environmentalists say greater investment in clean energy will lower costs and spur innovation. That may not be correct either, but it demonstrates how the outcomes in models of economic activity decades from now depends on the assumptions. |
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