The United Nations warned the United States Wednesday that it cannot avoid compensating poorer nations afflicted by purported “climate change,” despite President Trump pulling the country out of the 2015 Paris climate agreement.
U.S. delegates at the COP25 climate change conference in Madrid, Spain are seeking to be released from punitive “loss and damage” funding for developing nations, an amount estimated at more than $300 billion annually by 2030. One of the tasks facing delegates in Madrid is reviewing the framework for how countries might pay and account for this money.
Naturally, the affluent United States is expected to pay most of the “reparations.”
In exiting the Paris accord, Trump had pointed out that compliance with it could have cost the U.S. “as much as 2.7 million lost jobs by 2025 according to the National Economic Research Associates. This includes 440,000 fewer manufacturing jobs — not what we need.” No indeed. America first.