The Paris Agreement is not a trade agreement. There is no trade-off between Detroit, Youngstown and Pittsburgh, on the one side, and Paris on the other. Tariffs and sanctions will not make this problem go away.
Instead, the Paris Agreement is more like a collective insurance policy, into which we all invest to protect our futures. And like most insurance policies, it makes sound business sense. The best investments we can make right now are those that will protect our food, water and energy sources, our transportation, homes and cities, and our businesses and finances from the worst impacts of climate change.
We must invest to adapt to higher temperatures, rising seas, fiercer storms, water scarcity, wildfires — conditions that are now inevitable. The Global Commission on Adaptation estimates that investing just $1.8 trillion to build climate resilience over the next decade would yield more than $7 trillion in net benefits. That is a great return on investment.
In other words, we can either plan now and prosper — or do nothing and pay for the consequences later. It seems to us that Mr. Trump is choosing to do nothing and let the country pay later. How is this smart?
Read More At The New York Times
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