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Fact-checking Donald Trump's statement withdrawing from the Paris climate agreement
Coal India produces around 84 percent of India's overall coal production, and its decision to double coal production would technically mean India is planning to almost double its coal production. Trump: The Paris Agreement would result in "lost jobs, lower wages, shuttered factories and vastly diminished economic production." President Barack Obama had pledged to reduce emissions by 26 percent to 28 percent below 2005 levels by 2025. But the Paris Agreement does not even mention the word coal, nor does it do anything to put a global moratorium on coal. All of these statistics come from a March 2017 study, prepared by NERA Economic Consulting, that estimates the potential impact of hypothetical regulatory actions necessary to meet the goals of the Paris Agreement.
Trump leaving Paris climate agreement effect on US, global economy
In explaining his decision, Trump said it was in part to save US jobs, saying that the accord "handicaps the US economy." President Trump announced on Thursday that he would withdraw the US from the Paris climate accord. In addition to the macroeconomic effects, Trump said that the move would help to preserve jobs at power plants, coal mines, and other fossil-fuel-generating industries. In a paper published in Nature attempting to bring together previous findings of climate change for the economy, researchers from the University of California at Berkley and Stanford estimated that there would be serious consequences for the global economy if climate change continues at its current pace. "Climate change is real.
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collected by :John Miller