The Rump’s Skewed Facts On New Energy And Jobs

The real story behind Trump's claim that Paris would kill 2.7 million jobs

Chris Isidore, June 1, 2017 (CNN Money)

“Massive job losses. Lower wages. Shuttered factories. Brownouts and blackouts…That's the grim future that President Trump said he was trying to avoid when he announced that the United States will withdraw from the Paris climate change deal…[He cited a NERA Economic Consulting study in claiming the Paris Accord] could cost America as much as 2.7 million lost jobs by 2025…The study was done on behalf of a conservative public interest group, the the American Council for Capital Formation…Trump cited what the report calls the most likely outcome, which was the one that would hurt the economy the most…[The study] doesn't say anything about widespread blackouts and brownouts that would shut down factories…[It is a stark contrast to arguments of major business leaders who] argue that the economy will be hurt by Trump's decision…Environmental experts also say the NERA study overestimates how much it will cost to cut carbon emissions…[because it] assumes that efforts to cut emissions would fall almost exclusively on heavy industry…[and] grossly overstates the changes in output and jobs…” click here for more

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