BYE-BYE PARIS

With President Donald Trump’s action, the US, which accounts for the second largest share of global emissions, will walk away from nearly every other nation in the world on one of the pressing global issues of the 21st century. Syria and Nicaragua are the only other non-participants in the accord, signed by 195 nations in Paris in 2015

EFFECTS OF US PULLOUT IT WILL HURT THE DEAL AND WORLD

Goal of keeping global temperature rise under 2 degrees Celsius will be hurt

US contributes about 15% of global emissions of carbon

It will also question moral leadership of US

WILL IT HURT TRUMP

Ex-US President Barack Obama and Chinese President Xi Jinping’s ties brokered the deal

China has rapidly reaffirmed its commitment to the Paris accord

Canada and Mexico could emerge as significant players

Google, Apple and Exxon Mobil have urged Donald Trump to stick with Paris

COAL UNLIKELY TO COME BACK

The shift in US away from coal is mirrored in other developed countries

UK will phase out coal for the generation of electricity by 2025

Jobs in US coal industry just a half of the number employed in solar

US EMISSIONS WILL STILL FALL

US carbon emission will fall about half as much as had been planned by Obama

US energy production is now powered more by gas than by coal

Energy producers like gas because it is flexible and integrates better with renewable sources