The Costs of the Paris Agreement Confirmed

There’s a rather stunning admission by Nicolas Sarkozy in this BBC report on the climate summit taking place in Morocco:

Away from the conference the former French President Nicolas Sarkozy has been calling for a carbon tax on US goods if President Trump follows through on his promise to walk away from the Paris deal.

“Donald Trump has said – we’ll see if he keeps this promise – that he won’t respect the conclusions of the Paris climate agreement,” Mr Sarkozy, who is a candidate for next year’s French presidential elections, told the TF1 television channel on Sunday.

“Well, I will demand that Europe put in place a carbon tax at its border, a tax of 1%-3%, for all products coming from the United States, if the United States doesn’t apply environmental rules that we are imposing on our companies.”

So it is confirmed, then: this Paris agreement will impose costs of 1-3% on European companies and, by extension, consumers.  Thank goodness we are all so fabulously well-off and European (especially French) companies so unburdened by deadweight costs that a 1-3% arbitrary increase in costs will go unnoticed!

And retaliatory tariffs are always such a good idea, particularly if imposed because another country declines to regulate its own industries out of existence.

Remind me why Britain voted to leave, again?

This also amused:

The Paris climate agreement will survive a Trump presidency says the US special envoy on climate change Dr Jonathan Pershing.

US lead negotiator Dr Pershing told a packed news briefing that the passion and dedication displayed in the effort to deliver the Paris treaty was strong enough to withstand the impacts of Trump presidency.

Passion and dedication? This Dr Pershing sounds like an England football manager explaining away their latest defeat.  He might be in for a rude awakening in a few months.

Share

9 thoughts on “The Costs of the Paris Agreement Confirmed

  1. I know I am slow, but how many treaties on global warming, climate change or possible future bad weather do we need? There seems to be an ‘accord’ or a conference or even a treaty every couple of years, all involving lots of long distance jet flights and expensive hotels in nice places.

    Mind you, I suppose it is inevitable as six years ago or so we only had five years to save the planet. Obviously, the treaties since then have worked because we are still here, so perhaps warnings need to be issued every so often. Drop the treaties, and whoosh, its permanent nice weather.

  2. Typical French reaction. Just the whiff of fair competition and the answer is tax and regulate it out of existence. Exactly what the EU is all about being based on continental thinking heavily influenced by Napoleon and his legacies. Then what can you expect from a nation that needed a delusional teenager to give them the courage to defeat the hated English. A country that gave birth to socialism and progressives conceived by their revolution of 1789 which has been a cancer ever since that has grown in the body politic all the world’s societies.

  3. Surely if global warming is as dire as we’re told the chief warriors in the battle wouldn’t be jetting around the world to attend conferences. They’d be meeting on Skype to save the planet. Won’t someone think of the children? I don’t want to hear a damn word about my carbon footprint when these idiots are flying hither and yon to give a speech they could have emailed or even webcast.

  4. US lead negotiator Dr Pershing told a packed news briefing that after meeting with President Trump, the passion and dedication displayed by President Trump had convinced him (Dr Pershing) that it would be pretty bloody stupid to do anything except for exactly what President Trump orders you to do.

    In response to the first question from the floor Dr Pershing furrowed his brow, and in a puzzled tone said “What is this ‘Paris agreement’ of which you speak?” then stated that neither he, nor the USA had any involvement whatsoever in any “Paris Climate Agreement” and he had no idea what the question meant.

  5. Watcher,

    There seems to be an ‘accord’ or a conference or even a treaty every couple of years, all involving lots of long distance jet flights and expensive hotels in nice places.

    Yes, it’s odd that. They always seem to be in very nice places with lots of spas or shopping facilities. They’re never held in a Travel Lodge outside Wigan.

  6. Antisthenes,

    Typical French reaction. Just the whiff of fair competition and the answer is tax and regulate it out of existence.

    Indeed.

  7. Steve,

    In response to the first question from the floor Dr Pershing furrowed his brow, and in a puzzled tone said “What is this ‘Paris agreement’ of which you speak?” then stated that neither he, nor the USA had any involvement whatsoever in any “Paris Climate Agreement” and he had no idea what the question meant.

    Very good! 🙂

  8. Yes well making French consumers pay for for US goods will certainly punish President Trump… also we shall waive our private parts in your general direction.

    The worry is the Sarkozy creature, not alone, clearly has no clue about tax incidence, that consumers will pay, not the US.

    Similarly we keep hearing in the UK that Brexit will cost UK companies £Xbn on their exports.
    ,
    And this from the people who are, or think they should be, running economies.

Comments are closed.