Thoughts On The Paris Climate Agreement

„I am not claiming that a certain language in the Paris Agreement will cause a collapse or a flash or that language optimization could avoid a downward spiral,“ Sachs writes. „On the contrary, the destabilizing factors are exogenous to the agreement and reflect the strategic interests of the great powers. The problem is not the language of the treaty. The fact is that climate change, by nature, encourages non-cooperation and parasitism. The president`s promise to renegotiate the international climate agreement has always been a smog screen, the oil industry has a red phone at Interior, and will he bring food trucks to Old Faithful? Among other things, countries need to report on their greenhouse gas inventories and progress against their targets, so that external experts can assess their success. Countries should also review their commitments by 2020 and present new targets every five years to further reduce emissions. They must participate in a „global inventory“ to measure the collective effort to achieve the long-term goals of the Paris Agreement. In the meantime, developed countries must also assess the amount of financial assistance they will provide to developing countries to help them reduce their emissions and adapt to the effects of climate change. At present, 197 countries – every nation on earth, the last signatory being war-torn Syria – have adopted the Paris Agreement. Of these, 179 have consolidated their climate proposals with formal approval, including the United States for now. The only major emitting countries that have not yet formally joined the deal are Russia, Turkey and Iran.

The American people believe in climate change, and they are determined to fix it. Whoever wins the US presidential election, the US officially withdraws from the Paris climate agreement on 4 November. This measure is a blow to international efforts to stop global warming. On Monday, the United States tabled documents that will launch the process of exiting the Paris climate agreement. The withdrawal will take effect definitively on November 4, 2020, the day after the next US presidential election. The Paris Agreement is the culmination of decades of international efforts to combat climate change. Here`s a little story. Many optimistic analysts point out that the calculation of the costs and benefits of climate protection has changed in recent years. Today, clean energy is cheaper than dirty energy in many circumstances.

Many climate policies pay off in the short term in terms of jobs, economic growth or reduction of local air and water pollutants, even leaving aside their climate-related benefits. In short, many carbon reduction measures are things that already make sense for countries, for reasons that go beyond rescuing the world from climate change. The risks are increasing because, historically, these agreements are becoming more and more ambitious over time. In other words, the Setting of Paris is a starting point, as bad as it is, not an end point. And exiting the agreement protects the United States from future attacks on U.S. sovereignty and massive future legal responsibility.