Donald Trump’s decision to withdraw from the Paris Climate Agreement is rooted with flawed information and facts. The truth is that the agreement would create new jobs, spur economic growth, and keep the United States a competitive force globally.

The Trump Administration Has Falsely Claimed That The Paris Climate Deal Will Cause Job Losses And Major Reductions In The GDP

·       AN INTERNATIONAL STUDY FOUND THAT JOB LOSSES UNDER PARIS-RELATED POLICIES WOULD BE FULLY OFFSET BY NEW JOBS IN RENEWABLE ENERGY AND ADD A CUMULATIVE $19 TRILLION TO GDP BY 2050

Executive Summary: Perspectives For The Energy Transition: “Job losses in fossil fuel industry would be fully offset by new jobs in renewables, with more jobs being created by energy efficiency activities. The overall GDP improvement will induce further job creation in other economic sectors.”

Executive Summary: Perspectives For The Energy Transition: “Global GDP will be boosted around 0.8% in 2050 (USD 1.6 trillion). The cumulative gain through increased GDP from now to 2050 will amount to USD 19 trillion. Increased economic growth is driven by the investment stimulus and by enhanced pro-growth policies, in particular the use of carbon pricing and recycling of proceeds to lower income taxes”

Trump Administration Claims That China Isn’t Obligated To Reduce Emissions Until 2030 Are False

• THE TRUMP ADMINISTRATION FALSELY CLAIMED THAT UNDER THE PARIS ACCORDS, THE U.S. ECONOMY WAS FORCED TO CONTRACT WHILE CHINA AND INDIA WERE UNDER NO OBLIGATION TO REDUCE CO2 UNTIL 2030

The Washington Post: “… it’s false to claim that China and India have ‘no obligations’ until 2030.  China and India, just like the United States, have made commitments that are supposed to be fulfilled by 2030, meaning they have to take action now in order to meet those goals. The United States made more substantial commitments — which the Trump administration is abandoning — because the United States, on a per capita basis, is a much bigger polluter than either country.”

The Washington Post: “Despite our queries, we did not get an explanation for Pruitt’s remarks from the EPA, but we have good news for him. If that’s his biggest problem, it’s solved! His objection is based on a misunderstanding of the agreement: China and India are already hard at work at meeting goals set for 2030.“

Economists And Business Leaders Have Warned Of The Negative Economic Impact Of Leaving The Paris Climate Agreement

• ECONOMISTS HAVE WARNED THAT LEAVING THE PARIS CLIMATE DEAL WOULD BE BAD FOR THE ECONOMY AND WOULD CAUSE THE ECONOMY TO LOSE JOBS, NOT CREATE THEM

Business Insider: “According to John Sterman, a professor at the MIT Sloan School of Management and senior advisor at Climate Interactive, leaving the Paris Agreement would create an uncertainty in the economy over the future of both fossil fuels and renewable energy resources. That would be ‘bad for businesses’ and others hoping to invest in renewable energy, and could spread to other countries' economies as well. It would also lead to slower renewable energy deployments, Sterman says.”

Business Insider: “There could also be consequences for American jobs. Trump has made jobs a central point in his campaign promises, but according to Sterman, ‘If we cede leadership to China… that’s going to cost jobs in the United States.’”

Associated Press: HEADLINE: “Experts Say US Leaving Paris Climate Deal Likely Wouldn’t Add Jobs.”

Associated Press: “Should the United States pull out of the pact and seek to protect old-school jobs in coal and oil, it would risk losing the chance to lead the world in developing environmentally friendly technology – and generate the jobs that come with it. What's more, over the haul, climate change itself threatens to impose huge costs on the economy. ‘Withdrawing from the Paris agreement is hardly going to create jobs in the U.S.,’ says Cary Coglianese, professor at the University of Pennsylvania and editor of the book ‘Does Regulation Kill Jobs?’”

• BUSINESS GROUPS WARNED TRUMP THAT WITHDRAWING FROM THE PARIS DEAL WOULD HURT AMERICAN COMPANIES

Bloomberg: “Pressure has also come from business groups, including 280 investors representing more than $17 trillion in assets who released a statement Monday saying climate change must be an ‘urgent priority’ for all G-20 nations. Executives have warned that Trump would put U.S. companies at a disadvantage if he pulled out of the pact.”

NPR: “Hundreds of businesses such as Starbucks, General Mills and Hewlett Packard are asking President-elect Donald Trump to follow through on U.S. commitments to combat climate change. They argue it’s good for business.  More than 360 companies and investors made their plea in an open letter to Trump, President Obama and members of Congress. They called on Trump to ‘continue U.S. participation in the Paris agreement,’ which he has threatened to scrap, and invest in the ‘low carbon economy at home and abroad.’”

Associated Press: “The Paris agreement has drawn surprising support from major companies, from oil giants like Exxon Mobil and Royal Dutch Shell to other corporate giants like Walmart and Apple. ‘We need a framework like that to address the challenge of climate change, the risk of climate change,’ Darren Woods, CEO of Exxon Mobil, said Wednesday.”

CNN Money: “It's more than just energy firms, though: Microsoft (MSFT, Tech30), Apple (AAPL, Tech30), Starbucks (SBUX), Gap (GPS), Nike (NKE), Google (GOOGL, Tech30), Adidas (ADDYY) and L'Oreal (LRLCY) all support continued U.S. involvement.”

• BUSINESS LEADERS WROTE THAT THE PARIS AGREEMENT GENERATES JOBS AND ECONOMIC GROWTH

CNN Money: “Business leaders say the Paris deal, also called COP21, will help generate new jobs, limit damage from climate change and help assert American leadership on the global stage. ‘By expanding markets for innovative clean technologies, the agreement generates jobs and economic growth,’ business leaders wrote in a recent ad published in major newspapers. ‘U.S. companies are well positioned to lead in these markets. Withdrawing from the agreement will limit our access to them and could expose us to retaliatory measures.’”  

Coal Companies Warned Trump That Withdrawing From Paris Agreement Could Harm Their Interests. Additionally, Energy Stocks Have Dropped In Reaction To Trump’s Decision

• AMERICAN COAL COMPANIES WARNED TRUMP THAT WITHDRAWING FROM THE PARIS AGREEMENT COULD HARM THEIR GLOBAL INTERESTS

Reuters: “Some big American coal companies have advised President Donald Trump’s administration to break his promise to pull the United States out of the Paris Climate Agreement – arguing that the accord could provide their best forum for protecting their global interests.  Remaining in the global deal to combat climate change will give U.S. negotiators a chance to advocate for coal in the future of the global energy mix, coal companies like Cloud Peak Energy Inc and Peabody Energy Corp told White House officials over the past few weeks, according to executives and a U.S. official familiar with the discussions.”

• U.S. ENERGY STOCKS FELL ON REPORTS THAT TRUMP PLANNED TO WITHDRAW FROM THE PARIS CLIMATE AGREEMENT

Reuters: “U.S. coal company shares dipped alongside renewable energy stocks on Wednesday after reports that President Donald Trump plans to pull the United States from a global accord on fighting climate change.  The market reaction reflects concerns, raised by some coal companies in recent months, that a U.S. exit from the Paris Climate Agreement could unleash a global backlash against coal interests outside the United States.”