President Trump was right to pull the U.S. out of the phony Paris Climate Agreement.
It was an agreement alright—an agreement that we do all the work and pay extortion money to third-world countries that don’t care whether they pollute or not.
It did nothing for U.S. other than punishing us for actually showing a good example and reducing pollution.
We don’t need an “agreement” with the rest of the world to do the right thing and they shouldn’t either.
Other countries won’t lift a finger to do anything unless they get paid off.
India, Iran, South Sudan, Niger, the Central African Republic, Cuba, Egypt, Paraguay and a host of other countries demand: Pay up, or else they will keep polluting.
How many of theses countries would actually use the money to decrease pollution?
Many of them wouldn’t for sure. Their corrupt leaders would line their pockets with the money.
Washington Times reports:
Supporters of the deal routinely point out that 193 countries have signed on. Although that is technically true, the vast majority of commitments offered in Paris would result in emissions increases or would require billions of dollars in funding — or, in many cases, both.
At least $420 billion has been formally requested under countries’ submissions to the Paris agreement, according to Carbon Brief, a U.K.-based group that tracks international climate change and maintains a comprehensive database of all information related to the Paris deal.
That figure, however, is far lower than what will ultimately be required. Many countries do not specify exactly how much money it will take to meet their emissions reduction targets.
Yemen, for example, said it could increase its 1 percent pledge to 14 percent with financial help, but the country — the poorest in the Muslim world — didn’t indicate how much cash it needs.
Some analysts say the final figure for worldwide compliance with the Paris pledges would be in the trillions of dollars. U.N. officials estimated that it would cost at least $100 billion per year, and that figure could rise to more than $400 billion per year by 2020 to ensure compliance.
When the Obama administration finalized the agreement in December 2015, it committed $3 billion to the United Nations’ Green Climate Fund, which is meant to help countries meet their targets. Only $1 billion of that has been paid out, and the Trump administration won’t sign off on any further payments.
In fact, the president specifically cited that fund and its reliance on U.S. cash as key reasons for pulling out of the deal.
“So we’re going to be paying billions and billions and billions of dollars, and we’re already way ahead of anybody else. Many of the other countries haven’t spent anything, and many of them will never pay one dime,” Mr. Trump said in his Rose Garden address last week. “America is $20 trillion in debt. And yet, under the Paris Accord, billions of dollars that ought to be invested right here in America will be sent to the very countries that have taken our factories and our jobs away from us. So think of that.”
Some analysts say the Green Climate Fund would work against efforts to make the U.S. economy greener by funneling money from technological research to developing nations.
“These very real expenses will consume money that could be used by the private sector to fund innovative new technologies that are economically sound and can power our society with little pollution,” Patrick Michaels, director of the Center for the Study of Science at the libertarian Cato Institute, said last week after Mr. Trump announced America’s withdrawal.
It’s unclear whether the agreement can survive without U.S. financial support. The president has said he is willing to re-enter the deal if he can secure terms more favorable for the U.S., though he seemed unwilling to put the country on the hook for significant payouts to developing countries.
Still, supporters of the Paris accord as it is currently structured argue that it offers economic opportunities to the U.S. by promoting jobs in clean energy.
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