You promised to put America at the forefront of everything you do, and you did it in different ways, from trade to national security, to protecting our borders, to the rights of Washington, D.C. And today, you put America first in terms of international agreements and the environment. The same nations that are asking us to maintain the agreement are the countries that have cost the United States billions of dollars through hard trade practices and, in many cases, lax contributions to our critical military alliance. You see what`s going on. It`s pretty obvious to those who want to keep an open mind. These rules of transparency and accountability are similar to those set out in other international agreements. Although the system does not include financial sanctions, the requirements are intended to easily monitor the progress of individual nations and promote a sense of overall group pressure, discouraging any towing of feet among countries that might consider it. The Chairman: Thank you very much. (Applause) Thank you very much. First of all, I would like to talk about the terrorist attack in Manila.
We are monitoring the situation closely and I will continue to provide updates if anything happens during that time. But it`s really very sad what`s going on with terror all over the world. Our thoughts and prayers are with everyone involved. Before I talk about the Paris Agreement, I would like to start by updating our enormous economic progress – absolutely enormous – since the day of the elections on 8 November. The economy is starting to come back, and very, very quickly. We have added $3.3 trillion in market value and more than $1 million in private sector jobs to our economy. The 32-part document sets out a framework for global action on climate change, including climate change mitigation and adaptation, support for developing countries and transparency of reporting, and strengthening climate change goals. Here`s what to do: Carbon dioxide, nitrous oxide and methane are gases that accumulate in the atmosphere and prevent heat from emitting earth into space, creating what is called the greenhouse effect. According to the Intergovernmental Panel on Climate Change (IPCC), the main international panel on this issue, the concentration of these thermal gases has increased significantly since pre-industrial times and has not been observed for at least 800,000 years.
Carbon dioxide (the main cause of climate change) has increased by 40 per cent, nitrous oxide by 20 per cent and methane by 150 per cent since 1750, mainly due to the burning of dirty fossil fuels. The IPCC says it is “extremely likely” that these emissions have been primarily responsible for the rise in global temperatures since the 1950s. Meanwhile, deforestation and forest degradation have also contributed to their fair share of global carbon emissions. Compliance with the terms of the Paris agreement and the energy restrictions it has imposed on the United States could cost America up to 2.7 million jobs by 2025, according to the National Economic Research Associates. That includes 440,000 fewer jobs in manufacturing – not what we need – believe me, that`s not what we need, including auto employment and the continued decimating of vital American industries, on which countless communities depend. They count for so many things, and we would give them so little. In 1992, President George H.W. Bush joined 107 other heads of state at the Rio Earth Summit in Brazil to adopt a series of environmental agreements, including the UNFCCC framework, which is still in force today.
The international treaty aims to prevent dangerous human intervention in the planet`s climate systems in the long term. The pact does not set limits on greenhouse gas emissions from individual countries and does not contain enforcement mechanisms, but establishes a framework for international negotiations on future agreements or protocols to set binding emissions targets.