At a special ceremony in the White House Rose Garden on Thursday, President Trump announced he is withdrawing the United States from the non-binding, international climate agreement known as the Paris Accord.
More than 20 years in the making, the 2015 Paris Accord marked the first truly global deal to address the issue of climate change. With the goal of reducing greenhouse gas emissions and holding global warming to 2°C (3.6°F) above pre-industrial levels, nearly 200 countries submitted individual voluntary emissions reduction plans known as nationally determined contributions (NDCs).
These essentially spell out how much CO2 a country plans to cut based on its own domestic situation. While the current collection of NDCs would only reduce emissions by about half of what is necessary to reach the 2°C (3.6°F) goal, the agreement legally obligates countries to reconvene every five years to report on their progress and present updated plans detailing how they will deepen their cuts.
As a leading voice in negotiating this historic agreement, the US pledged to reduce its carbon emissions by 26% – 28% below its 2005 levels by 2025. To meet this obligation, the Obama administration introduced the Clean Power Plan (CPP) via executive order. Developed under the umbrella of the Clean Air Act, this set of EPA regulations aimed to reduce greenhouse gas emissions from coal-fired power plants. However, it was nullified by a new executive order from President Trump in March.
Mr. Trump, who has called climate change a hoax, said the Paris Accord is a “bad deal” that is costing America jobs. But, according to Federal Reserve Economic Data, coal mining jobs in the US have been declining for decades largely because of automation and the availability of cheap natural gas. Moreover, the US Department of Energy reports that the number of coal jobs in the US is less than 75,000 while there are nearly 650,000 people employed in renewable energy.
In announcing his withdrawal from the accord, the President kept a campaign promise and likely pleased his supporters. However, it is not that easy to pull out. The agreement was written to ensure that parties could not begin the withdrawal process until fours years after the accord officially went into effect. Consequently, the US cannot truly withdraw until November 4, 2020. That is one day after the next presidential election.
Therefore, the role that the US will ultimately play in global climate action lies with the voters, 71% of whom support the Paris Accord. Until then, thirty-seven states and four hundred local governments across the US, as well as more than a thousand businesses have pledged to continue to work toward the goals of the Paris Climate Agreement.
Credit: Bloomberg
