On 4 November 2019, the US Government initiated withdrawal from the Agreement, with completion scheduled one year on, for 4 November 2020 Global action to reduce economic damage from climate change in the United States and the rest of the world
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[PDF] Policy brief The economic case for the United States to remain in the
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Summary
The interests of American citizens and businesses are best served by the United States continuing to participate in the Paris Agreement for four main reasons: i) reaching net-zero global annual emissions is necessary for the increasingly costly climate change impacts to decline; ii) the US needs a global policy response to limit the growing damage from emissions by other such as reducing local air pollution; iv) the international negotiation process available way of achieving coordinated global action on climate change.The nationally determined contribution (NDC) to the Paris Agreement that was voluntarily submitted by the US Government is not unfair to the
US emissions reduction targets are now easier to achieve. The current economic evidence shows that withdrawal of the US from the Paris Agreement, which is due to be complete on 4 November 2020, is a mistake. seek to re-join promptly after withdrawal is complete. The Government can submit a revised NDC and has the opportunity to decide how it might need the costs of inaction.Policy brief
The economic case for the United
States to remain in the Paris
Agreement on climate change
Policy briefs provide analysis on
recommendations to inform ongoing policy debates. Drawing on the they summarise either our research a particular issue.This policy brief has been written by
Alex Bowen, Marshall Burke, Charles
Donovan, Kenneth Gillingham,
Frances C Moore, Robert Stavins, Gernot
Wagner and Bob Ward.
Headline issues
economy; withdrawing is a mistake. The emissions reduction targets that the United States set for itself in sharp falls in technology costs. The US Government should abandon its intention to withdraw fromAugust 2020
assessments have highlighted the threat that climate change is creating to the security of the home and overseas"The economic case for the United States to remain in the Paris Agreement on climate change 2 Policy brief August 2020