The inevitable happened yesterday, where Donald Trump announced that he would pull the United States out of the Paris Accords – a process that could take up to four years – with the intention of immediately trying to renegotiate re-entry on more favourable terms. Why that makes no sense is because the Accords were flexible enough that each country was supposed to set their own targets, so there was no actual need for him to pull out other than to look tough, but what can you do with a chaos generator like that? Justin Trudeau was one of the leaders who immediately contacted Trump to express his disappointment, while Catherine McKenna said that Canada was moving ahead regardless, and would be hosting a ministerial summit with China and the EU in September regarding next steps with emissions reductions.
Readout of Trudeau’s call to Trump re: Paris Agreement. #cdnpoli pic.twitter.com/71uX5O5Vih
— Dale Smith (@journo_dale) June 1, 2017
Trudeau’s full statement on Trump pulling out of the Paris Accord. #cdnpoli pic.twitter.com/Ce2z1iI76S
— Dale Smith (@journo_dale) June 1, 2017
We are no doubt going to hear some grousing from the Conservatives over the next few days about this, with renewed caterwauling about scrapping the federal carbon tax (which is actual a national carbon price, and any tax would only apply to a province that doesn’t have a price of their own that meets the target – namely Saskatchewan at this point), and concern trolling about how this makes us uncompetitive. The problem, of course, is that industry is all moving in the direction of favouring carbon pricing because it allows for stability and predictability, and it’s also a market-based mechanism to drive innovation – something that sector-by-sector regulations don’t do. And indeed, the business community in the States, including some major oil companies, are reacting negatively to Trump’s decision, and the heads of several companies are resigning from Trump’s business council in protest. And it shouldn’t be understated that the potential for a clean tech is real with price incentives that carbon pricing provides.
Meanwhile, French president Emmanuel Macron issued a statement in English, aimed to the Americans, inviting those scientists to France to continue their climate work there instead, which is a bold move.
Statement on the US' withdrawal from the Paris climate agreements. #parisagreementhttps://t.co/T4XOjWZW0Q
— Emmanuel Macron (@EmmanuelMacron) June 1, 2017
Trump: "I was elected to represent Pittsburgh, not Paris."
Here's the guy actually elected to represent Pittsburgh: https://t.co/LWLRbFtuKw
— ian bremmer (@ianbremmer) June 1, 2017