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.