By Steve Baragona

“I’m not going to put the country out of business trying to maintain certain standards that probably don’t matter,” President Donald Trump told VOA when asked about the economic impacts of climate change.

When not denying its existence, the Trump administration’s approach to climate change essentially comes down to three arguments: the United States has already cut its greenhouse gas emissions more than other countries, regardless of any international agreement; regulations to cut emissions come with high costs and few benefits; and those regulations would put the United States at a disadvantage because other countries will not follow.

“When you look at China, and when you look at other countries where they have foul air,” Trump added, “we’re going to be clean, but they’re not, and it costs a lot of money.”

As U.N. climate negotiations get under way in Poland to work out rules for implementing the Paris climate agreement — from which Trump intends to withdraw the United States — experts weigh in on the administration’s claims.

“We have enough science and enough economics to show that there are damages resulting from us releasing CO2 into the atmosphere. We know that that is not a free thing,” University of Chicago public policy professor Amir Jina said. “And yet, we are artificially setting it as free because we’re not paying the price of that externality.”

He said economists nearly unanimously support a carbon tax, a cap-and-trade program or some other way to put a price on carbon emissions.

Collective action

Few nations have taken the necessary steps to meet the emissions reduction pledges they made in Paris, according to the most recent United Nations emissions gap report.

Trump’s statement — “we’re going to be clean, but they’re not, and it costs a lot of money” — sums up why nations are reluctant to act: no one wants to take on burdens that they think others won’t.

“It’s the thing which has been dogging action on climate change for generations,” Jina said.

“We only really solve the problem if everybody acts together,” he added. “And if enough people are not acting, then we don’t.”

Continue reading at VOA…

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Areas of Focus: Climate Change
Definition
Climate Change
Climate change is an urgent global challenge. EPIC research is helping to assess its impacts, quantify its costs, and identify an efficient set of policies to reduce emissions and adapt...
Climate Economics
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Climate Economics
Climate change will affect every sector of the economy, both locally and globally. EPIC research is quantifying these effects to help guide policymakers, businesses, and individuals working to mitigate and...
Climate Law & Policy
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Climate Law & Policy
As countries around the world implement policies to confront climate change, EPIC research is calculating which policies will have the most impact for the least cost.