Trump chooses to abandon Green Climate Fund and stop implementation of the Paris Accord
Washington DC: “As of today, the United States will cease all implementation of the non-binding Paris Accord and the draconian financial and economic burdens the agreement imposes on our country. This includes ending the implementation of the nationally determined contribution and, very importantly, the Green Climate Fund which is costing the United States a vast fortune.”
This was announced by the US President Donald Trump at Rose Garden, 3:32 P.M. EDT, 1 June, 2017. The Paris Climate Accord is simply the latest example of Washington entering into an agreement that disadvantages the United States to the exclusive benefit of other countries, leaving American workers — who I love — and taxpayers to absorb the cost in terms of lost jobs, lower wages, shuttered factories, and vastly diminished economic production, the President stated.
Trump pointed out that 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. They rely for so much, and we would be giving them so little.
According to this same study, Trump went on to add, by 2040, compliance with the commitments put into place by the previous administration would cut production for the following sectors: paper down 12 percent; cement down 23 percent; iron and steel down 38 percent; coal — and I happen to love the coal miners — down 86 percent; natural gas down 31 percent. The cost to the economy at this time would be close to $3 trillion in lost GDP and 6.5 million industrial jobs, while households would have $7,000 less income and, in many cases, much worse than that.
Not only does this deal subject our citizens to harsh economic restrictions, it fails to live up to our environmental ideals. Trump said adding: “As someone who cares deeply about the environment, which I do, I cannot in good conscience support a deal that punishes the United States — which is what it does -– the world’s leader in environmental protection, while imposing no meaningful obligations on the world’s leading polluters.”
The US President lapped this up by speaking by telephone with Chancellor Angela Merkel of Germany, President Emmanuel Macron of France, Prime Minister Justin Trudeau of Canada, and Prime Minister Theresa May of the United Kingdom. The President personally explained his decision to withdraw the United States from the Paris Climate Accord. He thanked all four leaders for holding frank, substantive discussions on this issue during his first months in office. He also reassured the leaders that America remains committed to the Transatlantic alliance and to robust efforts to protect the environment. He noted America’s strong record in reducing emissions and leading the development of clean energy technology, and he reiterated that the United States under the Trump Administration, will be the cleanest and most environmentally friendly country on Earth. The leaders all agreed to continue dialogue and strengthen cooperation on environmental and other issues going forward.
According to a Downing Street spokesperson, the British Prime Minister expressed her disappointment with Trump’s decision and stressed that the UK remained committed to the Paris Agreement, as she set out recently at the G7. She said that the Paris Agreement provides the right global framework for protecting the prosperity and security of future generations, while keeping energy affordable and secure for our citizens and businesses.
Click here for Statement by the US President Trump on the Paris Climate Accord