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The administration’s withdrawal caucus has argued that the Paris Agreement is a bad deal for the United States, but they don’t have even a passing knowledge of the facts.
The Paris Agreement is ambitious, universal transparent, and balanced. It brings China, India, and other developing countries fully into the regime. It combines strong, aggregate goals with a “bottom-up” structure in which countries decide their emissions targets for themselves and then continually update those targets on five-year cycles. Yet Paris boxes no one in; all are urged to aim high, but targets are not legally binding.
The president’s exit from Paris would be read as a kind of “drop dead” to the rest of the world. Bitterness, anger, and disgust would be the wages of this careless act. As Ronald Reagan’s secretary of state, George Shultz, said recently about Paris, “[g]lobal statecraft relies on trust, reputation and credibility, which can be all too easily squandered. …f America fails to honor a global agreement that it helped forge, the repercussions will undercut our diplomatic priorities across the globe.”
What is perhaps most astonishing about the possibility of withdrawal, given Trump’s business background, is that such a decision would fly in the face of nearly across-the-board support for Paris among top American companies, in sectors ranging from oil and gas to retail, chemicals, utilities, agriculture, finance, information, and autos. Business leaders know climate change is real. They know Paris is an agreement they can work with. They know having U.S. negotiators at the table to protect their interests on matters like intellectual property and trade is crucial. They know that the transition to clean energy is one of the biggest economic plays of this century, that climate change is a major driver of this transition, that the United States is perfectly positioned to lead with our unmatched culture of innovation, but that opting out of Paris will undermine this opportunity to expand markets, create jobs and build wealth.
U.S. Business Leaders Send Open Letter To Trump: 'Don't Abandon Climate Deal'While US emissions would start to level off rather than continue their gradual decline, there are signs that India and China, the two other national heavy hitters in emissions, are moving away from coal more quickly than expected, according to Climate Action Tracker.
This has led several economists and large US businesses to fret that the coming boom in solar, wind and other renewable energies will not take place in the US. China signaled its intent earlier this year by announcing it will invest $360bn in renewable energy by 2020, creating more than 13m jobs in the sector.
If the economic fallout of leaving the Paris deal does not sway Trump, the diplomatic and security ramifications may. Rex Tillerson, the secretary of state, has urged the US to “keep a seat at the table” in order to maintain its international standing, while UN secretary-general António Guterres has raised the possibility of “risks of conflict” if climate change is not properly addressed.
Business, Security, Diplomatic Leaders Urge Trump to Stay in Paris AgreementMore than 300 U.S. companies, including 72 with annual revenues exceeding $100 million, have sent an open letter to President-elect Donald Trump, urging him not to abandon the Paris climate agreement.
High-profile organizations signing the letter include Dannon, DuPont, eBay, Gap, General Mills, Hewlett Packard, Hilton, Intel, Kellogg, Levi Strauss, Mars, Monsanto, Nike, Patagonia, Staples, Starbucks, The Hartford, Tiffany and Vail Resorts - plus many others.
Big business wants Trump to stick with Paris climate accord“Climate change will have the greatest impact on areas and environments already prone to instability, which aligns with DoD’s wider assessment of climate change as a threat multiplier.”
U.S. Defense Department
From Jim Wright, Stonekettle StationIn recent months, big business has lobbied fiercely in favor of the deal, which aims to end the fossil fuel era. Even major oil firms like Chevron (CVX) and ExxonMobil (XOM) back it.
Exxon CEO Darren Woods wrote a personal letter to Trump earlier this month, urging him to stick to the deal. The U.S., he said, is "well positioned to compete" with the agreement in place and staying in means "a seat at the negotiating table to ensure a level playing field."
Business leaders say the Paris deal, also called COP21, will help generate new jobs, limit damage from climate change and help assert American leadership on the global stage.
"By expanding markets for innovative clean technologies, the agreement generates jobs and economic growth," business leaders wrote in a recent ad published in major newspapers. "U.S. companies are well positioned to lead in these markets. Withdrawing from the agreement will limit our access to them and could expose us to retaliatory measures.
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