There is a lot of misinformation about the Paris agreement, including the idea that it will hurt the U.S. economy. It was a series of unsubstantiated assertions that Trump repeated in his rose garden speech in 2017, arguing that the deal would cost the U.S. economy $3 trillion in jobs by 2040 and $2.7 million by 2025, making us less competitive with China and India. But, as the auditors pointed out, these statistics come from a March 2017 unmasked study that exaggerated the future cost of reducing emissions, underestimated advances in energy efficiency and clean energy technologies, and was completely unaware of the enormous health and economic costs of climate change itself. The Paris Agreement reflects the collective belief of almost every nation on the planet that climate change is humanity`s war to fight it, and reveals America`s climate-sceptics – including Trump – as global outliers. Indeed, the mobilization of support for climate action across the country and around the world gives hope that the Paris Agreement has marked a turning point in the fight against climate change. We can all contribute to the cause by looking for ways to reduce contributions to global warming, at the individual, local and national levels. The effort will be worth the reward of a safer and cleaner world for future generations. In addition to formal intergovernmental negotiations, countries, cities and regions, businesses and civil society members around the world are taking steps to accelerate climate cooperation efforts to support the Paris Agreement as part of the Global Climate Agenda. The agreement commits all countries to reduce their emissions and cooperate to adapt to the effects of climate change and calls on countries to strengthen their commitments over time. The agreement provides developed countries with a means to assist developing countries in their mitigation and adaptation efforts, while establishing a framework for monitoring and reporting transparently on developing countries` climate goals.
InDCs become CNDs – nationally determined contributions – as soon as a country formally adheres to the agreement. There are no specific requirements as to how or how many countries should reduce emissions, but there were political expectations about the nature and rigour of the targets set by different countries. As a result, the scale and ambition of national plans vary widely, largely reflecting each country`s capacity, level of development and contribution to emissions over time. China, for example, has committed to cleaning up its CO2 emissions by 2030 at the latest and reducing CO2 emissions per unit of gross domestic product (GDP) by 60-65% by 2030 from 2005 levels. India has set a target of reducing emissions intensity by 33-35% from 2005 levels by 2030 and producing 40% of its electricity from non-fossil fuels. INDE has addressed the challenges of eradicating poverty while reducing greenhouse gas emissions.