President Trump withdrew from the Paris climate accord because our participation would have done nothing for the environment, but would have damaged America’s economy. Steve and Paul have already explained why Trump is right about Paris’s impact on the climate. From Germany comes conclusive evidence that pulling out of the agreement will help our economy:
Germany’s powerful car industry said Europe would need to reassess its environmental standards to remain competitive after the United States said it would withdraw from the Paris climate pact.
So Paris will make participating countries’ economies less competitive.
“The regrettable announcement by the USA makes it inevitable that Europe must facilitate a cost efficient and economically feasible climate policy to remain internationally competitive,” Matthias Wissmann, president of the German auto industry lobby group VDA, said in a statement on Friday.
“The preservation of our competitive position is the precondition for successful climate protection. This correlation is often underestimated,” Wissmann said, adding that the decision by the Unites States was disappointing.
Note that while the Germans are willing to incur inefficiency as long as other countries go along–or at least pretend to go along–if they have to choose between their economy and the purported threat of global climate catastrophe, they will choose their economy. Which means that they don’t believe in the reality of the supposed climate calamity any more than we do.
The VDA said electricity and energy prices are already higher in Germany than in the United States, putting Germany at a disadvantage.
That is correct, thanks to our fracking and the Germans’ irrational commitment to “green” energy. But irrational behavior goes only so far, especially if others, like the U.S., are not willing to play along.