Despite pressure from the international community and White House officials, Trump stood firm against the climate agreement, and the United States will be better off for it.
President Trump’s decision to withdraw from the Paris climate agreement was a promise worth keeping. No matter where a person falls on the urgency scale of addressing climate change, the agreement is a costly and ineffective way to deal with it. Both the diplomatic costs of leaving and the benefits of staying have been exaggerated. And they’re overwhelmingly outweighed by the economic costs of complying with President Barack Obama’s commitments under the agreement.
Policies adapted from domestic regulations emphasized in the Paris climate agreement would drive up energy prices across the economy. Americans would feel the pain when their utility bill arrives, yes. Also, energy literally powers the economy, so that pain would reverberate much further. Higher costs would squeeze both the production and consumption side of the market and slow down America’s economic engine.