"India makes its participation contingent on receiving billions of dollars in foreign aid," he said.
The Paris climate agreement gives undue advantage to India and China at the cost of U.S interests, President Donald Trump said on Thursday, announcing America’s withdrawal from the pact.
“China will be allowed to build hundreds of additional coal plants. So we can’t build the plants, but they can, according to this agreement. India will be allowed to double its coal production by 2020. Think of it: India can double their coal production. We’re supposed to get rid of ours,” the President said, adding that the agreement “is less about the climate and more about other countries gaining a financial advantage over the U.S.”
According to Mr. Trump, the Paris agreement would lead to a redistribution of American wealth to other countries and transfer of American jobs abroad. His predecessor Barack Obama had argued that by promoting a global climate regime, the U.S would create wealth and jobs at home. He had showcased the Indian and Chinese endorsement of the Paris accord as a key diplomatic success of his presidency.
Turning that argument on its head, Mr. Trump said the agreement was “very unfair, at the highest level, to the United States.” “For example, under the agreement, China will be able to increase these emissions by a staggering number of years — 13. They can do whatever they want for 13 years. Not us. India makes its participation contingent on receiving billions and billions and billions of dollars in foreign aid from developed countries,” Mr. Trump said.
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