From The Daily Signal.com (June 1):
President Donald Trump has fulfilled a key campaign pledge, announcing that the U.S. will withdraw from the Paris climate agreement.
The Paris Agreement, which committed the U.S. to drastically reducing greenhouse gas emissions, was a truly bad deal—bad for American taxpayers, American energy companies, and every single American who depends on affordable, reliable energy.
It was also bad for the countries that remain in the agreement. Here are four reasons Trump was right to withdraw.
1. The Paris Agreement was costly and ineffective.
The Paris Agreement is highly costly and would do close to nil to address climate change.
If carried out, the energy regulations agreed to in Paris by the Obama administration would kill hundreds of thousands of jobs, harm American manufacturing, and destroy $2.5 trillion in gross domestic product by the year 2035.
In withdrawing from the agreement, Trump removed a massive barrier to achieving the 3 percent economic growth rates America is accustomed to.
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In terms of climate benefits produced by Paris, there are practically none.
Even if every country met its commitments—a big “if” considering China has already underreported its carbon dioxide emissions, and there are no repercussions for failing to meet the pledges—the changes in the earth’s temperature would be almost undetectable.
2. The agreement wasted taxpayer money.
In climate negotiations leading up to the Paris conference, participants called for a Green Climate Fund that would collect $100 billion per year by 2020.
The goal of this fund would be to subsidize green energy and pay for other climate adaptation and mitigation programs in poorer nations—and to get buy-in (literally) from those poorer nations for the final Paris Agreement.
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3. Withdrawal is a demonstration of leadership.
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Certainly, withdrawing from the Paris Agreement will be met with consternation from foreign leaders, as was the case when the U.S. withdrew from the Kyoto Protocol.
However, it could very well help future negotiations if other governments know that the U.S. is willing and able to resist diplomatic pressure in order to protect American interests.
4. Withdrawal is good for American energy competitiveness.
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Whether it is conventional fuel companies or renewable ones, the best way for American energy companies to be competitive is to be innovative and competitive in the marketplace, not build their business models around international agreements.
There is nothing about leaving the agreement that prevents Americans from continuing to invest in new energy technologies.
The market for energy is $6 trillion and projected to grow by a third by 2040. Roughly 1.3 billion people do not yet have access to electricity, let alone reliable, affordable energy. [read more]
I’m glad Trump kept this campaign promise and decided to pull out the stupid Paris Agreement. He’s right. The agreement is unfair to America. All it did was to stick it to America and raise energy costs on the poor. Like the Left cares about that. All they care about is saving the earth from a future mythical raise in global temperature while they fly in their gas guzzling airplanes. Then again they’re special so I guess it is alright.
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