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Trump Advances the U.S. Economy by Canceling Paris Climate Agreement

June 3, 2017

The result of President Trump's actions is to lead our country to great economic wealth instead of economic stagnation.

polar ice caps

President Trump was looking after the United States’ best interests when he decided to drop out of the Paris Agreement that President Obama promised to reduce carbon dioxide emissions by 26-28 percent below the 2005 level by the year 2025.  The Agreement called for further promised reductions every 5 years after 2020.  There is a vast amount of experimental data that shows temperature changes are not dictated by changes in atmospheric carbon dioxide.

Carbon dioxide is one of many greenhouse gases which presently exists at 400 parts per million (ppm) in our atmosphere.  Water vapor is 8 times more potent greenhouse gas that averages 10,000 ppm in the atmosphere.  The theory that governs greenhouse gases influence shows a change from 20 to 40 ppm produces the same temperature change as 400 to 800 ppm.  So the Paris Agreement will produce negligible global temperature reductions with drastic reductions in coal, oil, and natural gas use.

The Paris Agreement calls for drastic reductions in fossil fuel use by industrialized nations like the U. S., Europe, Canada, etc. that comprise a small number of the 196 countries signing the Agreement.  The non-industrialized countries were paid to sign the Agreement by having access to a $100 billion per year Green Climate Fund paid by the industrialized nations.  The U. S. amount is around $33 billion per year of our tax dollars.  Other U. S. expenses is supporting annual UN conferences in resort cities that attract more than 10,000 delegates.  This costs the U. S. tens of millions per year.

President Trump’s actions saves U. S. taxpayers billions per year, enables us to develop our abundant, inexpensive, and geographically distributed coal, oil, and natural gas, and stops requiring implementation of renewable energy sources of solar, wind, ethanol from corn, other biofuels, etc.  The renewable energy sources are unreliable, expensive, have severe environmental problems, and require vast land areas for significant energy production.  Fossil fuels contributes wealth to the country by paying severance taxes and royalties on their production.  Renewable energy sources require subsidies and mandates for their use which increases burdens on tax payers and increased energy costs.

The result of President Trump’s actions is to lead our country to great economic wealth instead of economic stagnation.  The record breaking U. S. Stock Exchange Dow Industrials, S & P 500, and Nasdaq averages the past two days indicates business satisfaction with his actions.

Author
Professor of Nuclear Engineering, Georgia Institute of Technology (ret.), Climate Change and Energy
media@heartland.org