Home>Top Issues

US faces risk of missing out on next global industry by pulling out of Paris deal

Tuesday,Jun 13, 2017

From: China Daily

 

The US faces the risk of missing out on the next global industry, Thomas Friedman said in Beijing on Friday, after Donald Trump announced to pull the country out of Paris pact.

"It’s very sad for Americans that the president took the decision… It’s so breathtakingly stupid. You just can’t even believe that (its) coming out of America," Friedman told audiences at Beijing-based think tank Center for China and Globalization (CCG).

Trump said the Paris deal disadvantages the US, BBC reported. The Paris deal aims to tackle climate change by cutting greenhouse gas emissions and sets a global target of keeping the rise in the average temperature no higher than 2 C above pre-industrial levels.

However, Friedman believes the decision might slow things down or even have the opposite effect. "I fear that my country is going to buy oil from Saudi Arabia, solar panels from China and completely miss the next great global industry," he said.

But the market and social forces are powerful enough to pull the US out of misery, Friedman said.

Numerous coal plants have been closed because of natural gas and coal price is going down everyday. Few customers would back up coal businesses.

Friedman believes that cities and states all over the country will stick together and back up the Paris deal, and do their work at city level.

"The real opposition party in the US is not the Democratic Party but the State of California," he said. On Thursday, California, together with Washington and New York, had spoken up for the deal, committing to meet the emissions goals, CNBC reported.

"Trump consulted everybody in this decision, except scientists." In fact, he still doesn’t have a scientist to seek advice of, and the credible scientists would not work for him, Friedman said.

On the contrary, Friedman told the audiences that China figured it out really fast that the next global industries would be clean water, power and energy, and is taking its nation in the correct direction.

Chinese Premier Li Keqiang said on Thursday that China will continue to work steadfastly to implement the commitment of the Paris deal. (By Liu Caiyu)

 

From Global Times,2017-6-2

 

  • Huang Yanzhong: G20, Global Health And China

    As a club of the 20 largest economies in the world, the G20 accounts for 85% of global GDP, 75% of world trade and two-thirds of the world’s population.

  • CGTN | Is a new cold war brewing between China and US

    Wang views Pompeo’s Asia tour as a positive sign. The fact that the US administration decided to send its top diplomat to China who briefed China on his latest visit to the Democratic People’s Republic Korea, discussed bilateral relations and asked for more cooperation shows that the dialogue between the two sides continues.

  • 【China Daily】 Shanghai spirit

    Qingdao summit primes SCO to play more substantial role on world stage. President Xi Jinping has called for a more open world economy, labeling moves toward protectionism as “self-centered and short-sighted”.

  • China possesses second largest number of think tanks worldwide

    China had 18 think tanks on the Asian list that included top 60 think tanks from China,India, South Korea and Japan. CICIR took the lead in fourth. Specifically, TTCSP also listed five Chinese think tanks as “Think Tanks to Watch,” including Shanghai Advanced Institute of Finance (31) and Center for China and Globalization (CCG) (54).

  • Amidst US-China trade deadlock, CCG carries out Track II engagement with business community in New York to strengthen mutual understanding

    On September 28, following a series of activities in Washington DC, the CCG delegation traveled to New York for further engagements. This included a seminar co-hosted with the National Committee on US-China Relations (NCUSCR), participating in a special dinner event held for CCG by the Committee of 100, and a visit to the United Nations headquarters. During this time, CCG engaged with US representatives from various industries and other fields for an in-depth discussion of US-China economic relations, helping to strengthen channels for bilateral dialogue.