❝ In the year since the Paris climate agreement was concluded, the world’s efforts to limit global warming to 2º Celsius above pre-industrial levels seemed to gain momentum. Enough signatory countries took the necessary steps to formalize the agreement to ensure that it entered into force on November 4. Meanwhile, in October, the international community reached a separate aviation – related climate accord, which covers an area that the Paris agreement did not address; and agreed to amend the 1989 Montreal Protocol to phase out hydrofluorocarbons – a potent greenhouse gas.
But, following the United States’ presidential election, many observers fear that international efforts to combat climate change – such as the Paris accord and the Sustainable Development Goals…could be derailed. During his campaign, President-elect Donald Trump – who in 2012 took to Twitter to declare that climate change is a Chinese-created hoax – said that he would walk away from the Paris agreement. But, in a post-election interview with the New York Times, Trump said that he had an “open mind” about the Paris agreement, implying that he is now backing away from his previous statements.
❝ Given Trump’s belief that “unpredictability” is a virtue, no one can know for certain what he will do when he takes office in January…but, if Trump chooses to abandon the US government’s climate-related commitments, the rest of the world will have to find a way forward on its own…
Prospective solutions to the Trumpocene Age are useful, creative and probably necessary. Adding in his fellow Republican gangbangers brings additional intellectual dishonesty to his table.
❝ …bumptious unilateralism is a double-edge sword. As Stiglitz warns, if Trump does not pursue climate-friendly policies, other countries might “start imposing tariffs against US products made in ways that violate global climate-change rules.” And beyond the international community, “the market itself will be Trump’s biggest constraint,” says New York University economist Nouriel Roubini: “If he tries to pursue radical populist policies, the response will be swift and punishing: stocks will plummet, the dollar will fall, investors will flee to US Treasury bonds, gold prices will spike, and so forth.”…
❝ Similarly, even if Trump reneges on US commitments, and does not implement national policies to reduce emissions, such a move would kill the Paris agreement only if other countries decided to do the same, which is not likely to happen. For large emerging countries such as China and India, “the relatively rapid transition away from fossil fuels,” argues…John Mathews, “is driven not so much by concerns about climate change as by the economic benefits renewable energy sources are perceived as conveying.”
Thus, with China and India in the lead, the rest of the world will most likely continue to pursue carbon-emissions reductions, regardless of US participation, simply because it is profitable to do so. The US, meanwhile, will suffer more than the climate does if it does not move toward a green economy.
RTFA for a great deal more analysis, understanding and alternatives from Bo Lidegaard and more. Poisonally, I expect little sound economic sense within the framework of Trumponomics. Most is perfectly satisfactory to the Republican crew from Reaganites to Tea Party Trumpkins. They couldn’t care less about jobs, education or healthcare. They lie the nation they profess to love – dedicate all to the greed they love more than life.