Foreign Policy: on Energy & Oil


Donald Trump: Claims Paris Accords costly; estimated US cost $170 billion

Trump has said that his withdrawal was motivated by the fact that the accord would be expensive, ineffective, and would cost American jobs. The World Resources Institute estimates it would cost America $170 billion. The US pulling out is largely symbolic. The world was already moving toward lower carbon emissions. World carbon emissions peaked in 2007 and have been steadily declining since then. In contrast, use of clean energy, such as solar and wind have been on a steady rise.

When answering the question about the impact of withdrawal on domestic greenhouse gas emissions, it's important to separate the withdrawal with Trump's other environmental policies. Even before the pullout, Trump administration had cut funding to EPA, discontinued the Clean Power Plan, greenlighted both the Dakota Access and Keystone pipelines, and allowed extractive operations on public land, all of which would have significant impact on US CO2 emissions regardless of the pullout.

Source: Foreign Policy Magazine on Trump Administration Jul 13, 2017

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