According to a study by NERA Consulting, meeting the Obama Administration’s requirements in the Paris Accord would cost the U.S. economy nearly $3 trillion over the next several decades.
By 2040, our economy would lose 6.5 million industrial sector jobs – including 3.1 million manufacturing sector jobs It would effectively decapitate our coal industry, which now supplies about one-third of our electric power
The Obama-negotiated Accord imposes unrealistic targets on the U.S. for reducing our carbon emissions, while giving countries like China a free pass for years to come. Under the Accord, China will actually increase emissions until 2030.
America has already reduced its carbon-dioxide emissions dramatically. Since 2006, CO2 emissions have declined by 12 percent, and are expected to continue to decline. According to the Energy Information Administration (EIA), the U.S. is the leader in oil & gas production.
President Obama committed $3 billion to the Green Climate Fund – which is about 30 percent of the initial funding – without authorization from Congress With $20 trillion in debt, the U.S. taxpayers should not be paying to subsidize other countries’ energy needs.
According to researchers at MIT, if all member nations met their obligations, the impact on the climate would be negligible. The impacts have been estimated to be likely to reduce global temperature rise by less than .2 degrees Celsius in 2100.