How Trump climate decision is seen as an economic win

For many watching US President Donald Trump announce the decision to pull out of the Paris Agreement, it was déjà vu.

The accord also aims to curb man-made greenhouse gas emissions to levels that the forests and oceans of the world can naturally absorb, however there is nearly zero effort outside the western world to prevent the pollution of the oceans and deforestation, with third world nations being the worst offenders.

So it was fitting that his speech - and his reasoning - on the decision to exit the historic 195-nation accord established in 2015, emphasized American workers and taxpayers who Trump said "absorb the cost in terms of lost jobs, lower wages, shuttered factories and vastly diminished economic production".

'Even if the Paris Agreement were implemented in full, with total compliance from all nations, it is estimated it would only produce a two-tenths of one degree Celsius reduction in global temperature by the year 2100, ' Trump said.

The announcement on climate change Thursday was just the latest in a series of actions orchestrated by the White House to buoy Trump's political base at a time when he remains historically unpopular for this point in his presidency.

Does he still believe it's a Chinese plot to make the USA less competitive, as he tweeted in November 2012?

"We need action", Bloomberg said.

The White House also says the accord imposed "unrealistic targets on the USA for reducing carbon emissions while giving China a free pass". He had kept even his own officials guessing all week as he finalised his plan. They can do whatever they want for 13 years, not us.

"Americans will honour and fulfill the Paris agreement by leading from the bottom up", he said, flying to the French capital to meet President Emmanuel Macron in an expression of solidarity. The idea was to build a consensus on tackling global warming for the first time by making the entire process voluntary, avoiding criticism that developing countries were being forced to curtail economic growth to pay for the excesses of the developed world.

Under the pact, the United States had committed to reduce its emissions by 26 percent to 28 percent from 2005 levels by 2025.

The US now stands alongside only Syria and Nicaragua in rejecting the accord.

McNally said he is skeptical about the president's promises to revive manufacturing and coal mining jobs nearby in southeast Ohio.

Montreal Mayor Denis Coderre said despite the president's decision, the mayors of many big American cities continue to support the accord.

Elon Musk, the Silicon Valley entrepreneur, and Bob Iger, chief executive of Disney, said they would no longer participate in Mr Trump's advisory councils.

He said Trump's decision to pull out of the accord has worked as a mobilizing force in some American cities and states, such as California, Washington and NY states.

'We certainly do not support the withdrawal of the USA from the Paris agreement, ' said Erwan Monier, a lead researcher at the MIT Joint Program on the Science and Policy of Global Change, and one of the study's authors.

Over the last decade, the US military and intelligence officials have developed a broad agreement about the security threats that climate change presents, in part by threatening to cause natural disasters in densely populated coastal areas, damage American military bases worldwide and open up new natural resources to global competition.

  • Carolyn Briggs