by Michael Bastach When President Donald Trump unveiled plans to withdraw the U.S. from the Paris climate accord last year, he voiced his concern the Obama-era deal would amount to an international wealth transfer. Trump pointed out the Paris accord “doesn’t eliminate coal jobs, it just transfers those jobs out of America, and ships them to other countries,” he said in a Rose Garden speech last year. A new report shows Trump’s broader argument that emissions-intensive activities would not be eliminated, but moved overseas was probably correct. Industries have been moving operations overseas to poorer countries with fewer regulations. The report, funded by the ClimateWorks Foundation, found that countries are increasingly “outsourcing” their emissions to other countries, like China and India. Indeed, it’s a problem conservatives have warned about for years when it comes to climate policies — regulations emissions in, say, the U.S. will only encourage carbon dioxide-heavy industries to relocate overseas. That’s exactly what’s been happening, according to the new report. If those outsourced emissions were included “many promising climate trends would be negated or reversed,” reads the report by researchers with KGM & Associates and Global Eciency Intelligence LLC. “It is estimated that 20-30% of global CO2 emissions are part…
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