Both countries have indicated they are going to reduce the emissions intensity of their future growth. The Paris Agreement helps limit emissions growth in China and India because it required them to submit their national climate targets. On a risk adjusted basis this implies a return of 1-4% at the low point in 2021, rising to between 3% and 10% by 2035.вЂќ Banking giant Citibank also issued a report pointing to climate action as the responsible financial decision: вЂњ By comparing the cost of mitigation to the avoided вЂliabilitiesвЂ™ of climate change, we can derive a simple вЂreturn on investmentвЂ™. Doing nothing about climate change will be far more costly to the United States than making investments in climate action now: вЂњthe economic risks from unmitigated climate change to American businesses and long-term investors are large and unacceptableвЂќ ( Risky Business Report). The Paris Agreement engages the rest of the world in the struggle to avoid the worst impacts of a changing climate. 'The Paris Climate Accord is simply the latest example of Washington entering into an agreement that disadvantages the United States to the exclusive benefit of other countries, leaving American workers - who I love - and taxpayers to absorb the cost in terms of lost jobs, lower wages, shuttered factories, and vastly diminished economic production.'ДЄmerica is already being hit hard by the effects of climate change. Paris is a good deal for the US economyДЄmericans benefit from implementation of the Paris Agreement because it reduces the risks of having costly climate disasters and boosts clean energy jobs and economic growth. Here is a comprehensive list of Trump's most egregiously dishonest and inaccurate statements on the Paris Agreement from his speech (and Pruitt's) - compared with accurate information about the Paris Agreement.

Millions of American citizens, companies, city and state leaders have stepped up to show the world that America still honors our climate commitments and understand that climate action is in AmericaвЂ™s interest. The Trump AdministrationвЂ™s reckless decision to withdraw from the Paris Agreement вЂ“ built on a pile of inaccurate information and hyperbole - has been met with an astounding show of resistance. (See NYT fact-check and WaPo fact-check). Numerous fact-checks were published soon after TrumpвЂ™s speech explaining the various inaccuracies. Surprising no one, TrumpвЂ™s speech announcing his intent to withdraw the US from the Paris Agreement was riddled with lies and misinformation.

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