Paris Agreement Executive Summary

Indeed, research shows that the cost of climate activity far outweighs the cost of reducing carbon pollution. A recent study suggests that if the United States does not meet its climate targets in Paris, it could cost the economy up to $6 trillion in the coming decades. A lack of compliance with the NPNs currently foreseen in the agreement could reduce global GDP by more than 25% by the end of the century. Meanwhile, another study estimates that achieving – or even exceeding – the Paris targets by investing in infrastructure in clean energy and energy efficiency could have great benefits globally – about $19 trillion. Since Trump`s announcement, U.S. envoys – as well as on behalf – have continued to participate in U.N. climate negotiations to shore up the details of the agreement. Meanwhile, thousands of heads of state and government have intervened across the country to fill the void created by the lack of federal climate leadership, reflecting the will of the vast majority of Americans who support the Paris agreement. City and state officials, business leaders, universities and individuals included a base amount to participate in initiatives such as America`s Pledge, the United States Climate Alliance, We Are Still In and the American Cities Climate Challenge. Complementary and sometimes overlapping movements aim to deepen and accelerate efforts to combat climate change at the local, regional and national levels. Each of these efforts focuses on the willingness of the United States to work toward the goals of the Paris Agreement, despite Trump`s attempts to lead the country in the opposite direction.

In 1992, President George H.W. Bush joined 107 other heads of state at the Rio Earth Summit in Brazil to adopt a series of environmental agreements, including the UNFCCC framework, which is still in force today. The international treaty aims to prevent dangerous human intervention in the planet`s climate systems in the long term. The pact does not set limits on greenhouse gas emissions from individual countries and does not contain enforcement mechanisms, but establishes a framework for international negotiations on future agreements or protocols to set binding emissions targets. Participating countries meet annually at a Conference of the Parties (COP) to assess their progress and continue discussions on how best to combat climate change. The authors of the agreement have set a withdrawal period that President Trump must follow – which prevents him from irreparably harming our climate. Taking part in an election campaign promise, Trump – a climate denier who has claimed that climate change is a “hoax” perpetrated by China, announced in June 2017 his intention to withdraw the United States from the Paris Agreement. But despite the rose garden president`s statement that “we`re going out,” it`s not that simple. The withdrawal procedure requires that the agreement be in effect for three years before a country can formally announce its intention to withdraw. She`ll have to wait a year before she leaves the pact.

This means that the United States could formally withdraw on November 4, 2020, the day after the presidential elections. Even a formal withdrawal would not necessarily be permanent, experts say. a future president could join us in a month. The president`s promise to renegotiate the international climate agreement has always been a smokescreen, the oil industry has a red phone at the Home Office, and will Trump bring food trucks to Old Faithful? Unlike the Kyoto Protocol, which set legally binding emission reduction targets (as well as penalties for non-compliance) only for industrialized countries, the Paris Agreement requires all countries – rich, poor, developed and developing – to take their share and reduce their greenhouse gas emissions.