The United States came out of the Paris Agreement!
President Donald Trump has just done what his base would want him to do – he has walked out of the Paris Climate Agreement. This is a stunning decision and it has led to extreme reactions from his haters in the United States and abroad.
There is a lot of anger over what the President has done among his opponents, but truth be told, his supporters are loving it. They think that Trump has finally got his mojo back.
Trump justified his decision in a landmark speech. He said that the Paris climate agreement hurt the US economy. “This agreement is less about the climate and more about other countries gaining a financial advantage over the United States,” the President said.
President Trump explained, “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.
“This includes 440,000 fewer manufacturing jobs — not what we need. Believe me, this is not what we need — including automobile jobs and the further decimation of vital American industries on which countless communities rely for so much, and we would be giving them so little.”
This is a surprising decision for many reasons. 69 of the biggest companies in the United States had said that the Paris agreement was actually good for American industry. ConocoPhillips, the one of the biggest oil companies in the country said, “It gives the U.S. the ability to participate in future climate discussions to safeguard its economic and environmental best interests.”
General Electric CEO Jeffrey Immelt tweeted, “Disappointed with today’s decision on the Paris Agreement. Climate change is real. Industry must now lead and not depend on government.”
Mark Zuckerberg of Facebook has expressed his opposition as well. Elon Musk of Tesla Motors is so angry that he he quit the presidential advisory committee that he sits on.
Andrew Steer, CEO of the World Resources Institute, said that the decision to quit the Paris agreement was “a serious underestimation of American business ingenuity, and will be a drag on companies’ ability to respond to the new economy of the 21st century.”
So how will this affect President Trump? Trump will certainly get a lot of support from the Conservatives for his decision. His base will be energized, but in the long term, he has probably done a lot of damage to himself.
Even friendly countries like the UK, France and India have reacted negatively to his decision. French President Emmanuel Macron has given an open invitation to scientists and technologists in the USA to move to France in opposition of this decision.
Even India, which never says anything critical about the US has complained. President Trump said that the Paris treaty was partial tp countries such as India.
Indian External Affairs minister Sushma Swaraj said, “What US President Trump has said is not the reality… India signed the Paris climate pact not because of pressure from any country or due to lure of money. Our signature in the pact was not because of greed, it was not because of fear. We signed it due to our commitment to protecting the environment… India will continue to be part of it irrespective of whether the US remains in it or not.”
Author: Raghav Hegde – India