AMERICA WILL MOSTLY BY-PASS DONALD TRUMP, AND ABIDE BY THE PARIS ACCORDS; BUT, WHAT ABOUT THE ENVIRONMENTAL TECH BUSINESS?

Most real governing, in America, is accomplished at the local level.   Happily, there are a large number of American cities and counties, some states, and many of our largest corporations, that have pledged to abide by the Paris Accords, regarding Global Warming.  Even so, there is the draw-back as to how will America’s remaining $2 billion pledged contribution to the U. N. Green Climate Fund, be made up?

Trump clearly understands neither the Accords, nor the Green Climate Fund.  Unlike the previous Kyoto Accords, Paris does not require any specific actions, and there are no penalties if a country does not meet its own commitments.  Also, the Green Climate Fund is for $10.3 billion—not the $100 billion he cited—into which President Barack Obama had pledged $3 billion, and the U. S. had already paid $1 billion.  Keep in mind that Donald’s complaint are meaningless, since America’s 2016 Federal Budget is $3.9 Trillion. When Trumps states facts, I can only thing: Redact!

It is only right that the largest economy, and second largest polluter, should pay in order to help less-wealthy, developing nations transform themselves from polluters into users of more renewable energy.  As the earth turns, one nation’s dirty air and water will be shared by the next nation, and the next, and so on!

Local governments have been fighting environmental problems for years.  Who wants to live in or visit a city where the air is hazardous to your health, and the water is undrinkable.  Also, businesses realize that they will be required to pay for environmental clean-up through higher taxes, and they will also have trouble recruiting talented employees into a hazardous city.  Capital expenditures for new equipment and facilities will also be more cost-effective for industry in the long run.

With Environmental Technology being the Next Big Thing—and with the need for high-paying jobs skills—how much of that business will come to America?  Although Trump has slammed the door on federal government involvement, the market for these products—in the local and industrial sector.—will still abound.  Just consider that, since the turn of the 21st century, more than half of all U. S. coal-fired power generating facilities have been either closed, or converted to cleaner energy.  That means that American business is already reaping the benefits of clean energy!

With Trump’s vindictiveness, since this was President Obama’s Plan and not his, the U. S. will undoubtedly lose-out on a fair portion of the new technology business.  At the same time, however, America has a proven track record of a viable pipeline—from government or venture capital funding, to superior academic research, and on to creative entrepreneurial development and product placement.

Hopefully, the ultimate question will be:  How much of the new Environmental Technology business will America lose, rather than how much will it get?

NOTE:  “Climate of Hope”,  By Michael Bloomberg and Carl Pope, is quite apropos to both this blog post, and the Paris Accords.  I had been cited it previously on the Books That I Recommend tab.

 

 

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