Obama to Trump: Trends toward clean energy 'irreversible'

Image
IANS Washington
Last Updated : Jan 10 2017 | 7:07 AM IST

Outgoing US President Barack Obama on Monday warned President-elect Donald Trump against walking away from a global climate deal, saying that trends toward clean energy are "irreversible" and will help drive economic growth.

In an article published in research journal Science, Obama wrote that "a massive scientific record" shows that climate change is "real and cannot be ignored" and that left unchecked, the continued growth of greenhouse gas emissions could cause global average temperatures to increase by another four degrees Celsius or more by 2100, Xinhua reported.

That rise would cost the world economy about four per cent of gross domestic product (GDP), which could lead to lost US federal revenue of roughly 340 billion to 690 billion US dollars every year, Obama said.

"Although our understanding of the impacts of climate change is increasingly and disturbingly clear, there is still debate about the proper course for US policy -- a debate that is very much on display during the current presidential transition," said Obama, referring to Trump's threat to withdraw from the Paris Agreement to combat climate change.

However, he said that trends toward a clean-energy economy that have emerged during his presidency will continue "and that the economic opportunity for our country to harness that trend will only grow."

Obama noted that between 2008 and 2015 the US economy grew by more than 10 per cent while emissions of carbon dioxide emissions from the energy sector fell by 9.5 per cent, a result that "should put to rest the argument that combating climate change requires accepting lower growth or a lower standard of living."

He also pointed to increasing private-sector investments in clean energy, a dramatic fall in renewable electricity costs, and a global clean-energy race, which was lacking even just a short time ago.

"Despite the policy uncertainty that we face, I remain convinced that no country is better suited to confront the climate challenge and reap the economic benefits of a low-carbon future than the United States and that continued participation in the Paris process will yield great benefit for the American people, as well as the international community," Obama said.

It's thought that Obama's climate legacy could be dismantled under Trump, who has called climate change a "hoax" and has threatened to pull the US out of the Paris Agreement that took effect last year.

--IANS

sku/

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 10 2017 | 6:58 AM IST

Next Story