We have one of the most frequent energy reserves in the world, enough to lift America`s poorest working people out of poverty. But as part of this agreement, we are effectively locking up these reserves and taking the great wealth of our nation – it is a great wealth, it is a phenomenal wealth. Not so long ago, we had no idea that we had such wealth and that we were leaving millions and millions of families trapped in poverty and unemployment. The reasons for George Bush`s withdrawal, some of which are similar to Trump`s reasons, were primarily related to the U.S. economy. He argued that there would not be enough environmental goods in the protocol relative to the economic burden it would entail for the U.S. economy. 3. It will have an impact on employment opportunities around the world. If countries are to comply with the conditions set out in the Paris Agreement, they can create new employment opportunities, as clean energy resources are given greater priority. In the United States in the United States, thanks to this agreement, the development of renewable energy has increased jobs in the solar industry by more than ten times. New wind, geothermal and hydropower markets are creating an additional $6 trillion in economic potential by 2030. While many countries have adopted the Paris Agreement, others are less optimistic.
In 2017, U.S. President Donald Trump announced his intention to withdraw the United States from the Paris Agreement, previously concluded by U.S. President Barack Obama. While President Trump has made his intentions clear, in accordance with Article 28 of the Paris Agreement, the United States must remain in the agreement until November 4, 2020. [3] We are still in an ad hoc agreement with 3,500 signatories expressing support for the Paris Agreement, and according to its website, these signatories represent “a constituency of more than half of all Americans, and together they represent $6.200 billion, an economy larger than any nation other than the United States or China.” The Paris Agreement brings a great historical change. This is due to its universality, which applies to all nations. This is also due to the fact that the agreement clearly shows all concerned that the world is moving towards a paradigm that integrates the reality of the fight against climate change. This is already reflected on the stock markets – in the days following the adoption of this agreement, stock market movements have already shown a shift from fossil fuels to renewable energy. Although this agreement is weak and has many flaws, it is the best outcome we can expect from all the governments of the world.
It is far from perfect and sufficient to combat climate change, but it is a good step forward. This deadline falls at about the same time as the November 2020 elections. If President Trump were to be defeated by a democratic or tripartite challenger, the climate policy instituted by President Obama could be revived. If that were the case, it would not be surprising if the United States re-joined the Paris climate agreement. China will be allowed to build hundreds of other coal-fired power plants. Therefore, we cannot build the facilities, but they can, in accordance with this agreement. India can double its coal production by 2020. Remember: India can double its coal production. We have to get rid of it.
Europe can also continue to build coal-fired power plants. 6. An introduction rate of reporting structures is part of the agreement. The Paris Agreement establishes an improved transparency framework that uses common rules for developing and industrialized countries.