What Is The Paris Agreements
The initial commitment period of the Kyoto Protocol was extended until 2012. This year, at COP18 in Doha, Qatar, delegates agreed to extend the agreement until 2020 (without some industrialized countries withdrawing). They also reaffirmed their commitment made at COP17 in Durban, South Africa, in 2011, to create a new global climate treaty by 2015 that would require all major emitters not included in the Kyoto Protocol, such as China, India and the United States, to reduce their greenhouse gas emissions. The new treaty – which was to become the Paris Agreement – was to completely replace the Kyoto Protocol by 2020. However, the Paris agreement came into force earlier than expected in November 2016. 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. 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.
Risks are increasing because, historically, these agreements only become ambitious over time. In other words, the Paris framework is a starting point, no matter how bad, it is not an end point. And the exit from the agreement protects the United States from future violations of U.S. sovereignty and from any future massive legal liability. Believe me, we have a massive legal responsibility if we continue to do so. Mr President, it takes courage, commitment is needed to say no to the praise of men and, at the same time, to do what the American people are doing properly. You have that courage, and the American people can take solace because you have your back. Implementation of the agreement by all Member States will be evaluated every five years, with the first evaluation in 2023.
The result will be used as an input for new national contributions from Member States.  The inventory will not be national contributions/achievements, but a collective analysis of what has been achieved and what remains to be done. Not only is this agreement subject to severe economic restrictions, but it also does not meet our environmental ideals. As someone who is very concerned about the environment, which I do, I cannot, in good conscience, support an agreement that penalizes the United States – which they do – the world leader in environmental protection, when the world`s major polluters do not have reasonable obligations. How humiliated is America? How much do they make fun of us as a country? We want fair treatment of citizens and we want fair treatment of our taxpayers.