Post by account_disabled on Feb 19, 2024 23:53:01 GMT -7
In a tweet last Wednesday, Biden wrote: “Today, the Trump Administration officially left the Paris Climate Agreement. And in exactly 77 days, a Biden Administration will rejoin him.” The Trump administration announced that the US would leave the agreement three years ago, in a move that was criticized by venture investors at the time. I have always believed that while we may disagree with the scientific premise underlying climate change, we should all agree that advanced energy technologies represent one of the greatest economic opportunities. Giving up on that is a threat to American prosperity. Our American companies will be at a huge competitive disadvantage globally if they do not have a market to fall back on in their backyard. Hemant Taneja, director de General Catalyst. Biden's decision to rejoin the agreement should not come as a surprise, given the $2 trillion climate stimulus package that was a pillar of the former vice president's campaign. For the Trump administration, the official abandonment of the climate agreement was the fulfillment of a campaign promise.
What does the US exit from the Paris Agreement mean? A permanent US exit from the climate agreement would be a major blow to the international community's ability to avoid a climate disaster caused by rising temperatures linked to greenhouse gas emissions. A year of wildfires, floods and other climate-related catastrophes have shown that temperature changes are already wreaking Europe Cell Phone Number List havoc on communities. As the second largest emitter of carbon dioxide in the world, the United States plays a primary role in the success of any climate change mitigation plan. Jonathan Shieber. The agreement, a centerpiece of the previous Obama administration in which Biden was vice president, was designed to limit global warming emissions so that temperatures do not rise more than 2 degrees Celsius. If Biden wins, then the fact that the withdrawal became final on November 4 won't really matter. If Trump wins a second term, then he will have a much more lasting impact. Todd Stern, who was the top US climate negotiator during the Obama administration, told the Financial Times.
To date, the US is the only country to have formally abandoned the agreement. Even if the Trump administration were to win a slight election victory and return for a second term, market dynamics could mute the effect of any defense or stimulus of the fossil fuel industry that the government might try to initiate. Renewable energy and its economic meaning Simply put, renewable energy makes more economic sense within the United States than its fossil fuel competitors. Wind and solar are now basically cost-competitive or cheaper than fossil fuels in many markets. The cost of battery storage is also falling dramatically. A March report from Consumer Reports explained how better solar energy can be for consumers: Using solar energy saves money in the long run, even though startup costs are higher for the consumer. Fossil fuel electricity costs between 5 and 17 cents per kilowatt-hour, solar energy costs average between 3 and 6 cents per kilowatt-hour and are declining. National Renewable Energy Laboratory. Beyond market forces, a recalcitrant Trump administration could be pressured to adopt more aggressive policies to reduce its emissions through international tariffs and potential sanctions, Sarah Ladislaw, director of the Center for Climate Change Studies, told the Financial Times . International and Strategic Studies at Tufts University.