Tuesday, February 28, 2017

Cost of UN Climate Pact: $100 TRILLION

President Trump has pledged to cancel U.S. participation in the United Nations climate agreement signed last year by President Obama in Paris. However, various media sources are reporting that the president has backed off of this campaign commitment due to lobbying from daughter Ivanka Trump and her husband Jared Kushner, who reportedly support the UN Paris Agreement. Also in the global-warming alarmist camp, apparently, is Secretary of State Rex Tillerson.
There are many compelling arguments for President Trump to make good on this signature campaign promise, notwithstanding the dissidents within his family and his cabinet. Cost alone provides sufficient reason to deep-six the agreement, without even going into the incredible liberty-destroying regulatory shackles it proposes for the entire planet. The price tag associated with the global carbon-regulating regime envisioned in the document is nothing short of mind-boggling. How much would it cost? According to Danish environmentalist/statistician Bjørn Lomborg, the cumulative price tag for the UN Paris Climate Agreement, by the end of the century, would be an astronomical $100 trillion!
“Much has been made of the Paris Climate Agreement signed by the leaders of 178 countries in 2016,” states Dr. Lomborg, president of the Copenhagen Consensus Center in Denmark in a recent video for the Prager University website (see below). When Gina McCarthy, President Obama’s head of the U.S. Environmental Protection Agency, testified before the House Committee on Science, Space and Technology, noted Lomborg, she said the Paris Agreement was an “incredible achievement.”
“But,” says Lomborg, “when pressed by committee members to explain exactly how much this treaty would reduce global temperatures, she would not — or could not — say. This combination of grand pronouncements and vague specifics is a good strategy for Paris Agreement fans to take. Because the agreement will cost a fortune, but do little to reduce global warming."


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