{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Analyst: No Job Gains In Leaving Paris Agreement' data-url='/boclips/videos/5c54d47bd8eafeecae1f2fa8' data-video-url='/boclips/videos/5c54d47bd8eafeecae1f2fa8' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nAnalyst: No Job Gains In Leaving Paris Agreement\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003ePresident Donald Trump has declared that abandoning the Paris climate agreement would be a victory for the American economy. Many economists have big doubts. Geoffrey Heal, Professor of Economics and Finance, Columbia Business Schoo says...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003ePresident Donald Trump has declared that abandoning the Paris climate agreement would be a victory for the American economy. Many economists have big doubts. Geoffrey Heal, Professor of Economics and Finance, Columbia Business Schoo says the agreement would have no positive impact on jobs and streeses there could even be some loss in environmental remediation efforts.Should the United States pull out of the pact and seek to protect old-school jobs in coal and oil, it would risk losing the chance to lead the world in developing environmentally friendly technology _ and generate the jobs that come with it. What's more, over the haul, climate change itself threatens to impose huge costs on the economy. The Paris agreement has drawn surprising support from major companies, from oil giants like Exxon Mobil and Royal Dutch Shell to other corporate giants like Walmart and Apple. Under the Paris accord, nearly 200 nations agreed in 2015 to voluntarily cut greenhouse gas emissions in a landmark agreement to fight climate change. The pact became one of President Barack Obama's signature achievements. But Trump campaigned on a promise to nix the deal, saying it would mean stricter environmental policies that would hobble the economy and cost jobs. A White House official said Wednesday that Trump was planning to pull out of the Paris deal, although a final decision had not been made. And Trump has reversed himself before on major policy pledges, including on whether to abandon the North American Free Trade Agreement, a step the president no longer favors. Economists say that leaving the Paris deal and easing efforts to control emissions would hardly deliver a big payoff in jobs. A 2001 study by Eli Berman and Linda Bui, both then at Boston University, found \"no evidence that local air quality regulation substantially reduced employment\" when Los Angeles imposed stricter environmental restrictions. Polluting industries such as oil and coal are highly automated and are unlikely to embark on a major hiring spree even if the United States dropped out of the Paris agreement, experts say. Already, the United States employs more people in solar energy (nearly 374,000) than in coal (a little over 160,000), according to the U.S. Department of Energy. Many big companies say they must make long-term investment decisions based on the assumption that most countries will stiffen environmental standards. Accordingly, they are increasingly investing more in green technology. General Electric, for instance, plans to invest $25 billion in clean technology research and development by 2020. Economists also warn that climate change could inflict a devastating impact on the global economy. Drought and water shortages could sap growth. Rising sea levels could swamp low-lying cities and farmland. A 2015 report by Stanford University's Marshall Burke and the University of California, Berkeley's Sol Hsiang and Ted Miguel found the climate change could slash 20 percent from global economic output by 2100 _ more than five times previous estimates.Matewan, West Virginia – November 11, 20161. Matewan West Virginia Coal Miner's Way road sign at the site of the closed Spruce Creek coal mineMingo County, West Virginia – November 11, 20162. Coal Train in Mingo County WVDecker, Montana – November 15, 20163. Wide shot of Mining yardNew York - May 31, 20174. SOUNDBITE (English) Geoffrey Heal, Professor of Economics and Finance, Columbia Business School:\"I see nothing good coming out of this, I mean this gesture it won't have any substantial impact on the energy industry in the US. The decline in the use of coal and the growth of sun and wind is all driven by costs and those costs are not going to be affected by pulling out of the Paris agreement. Not at all.\"Chicago, Illinois – 14 January 20165. Various of wind turbine New York - May 31, 20176 . SOUNDBITE (English) Geoffrey Heal, Professor of Economics and Finance, Columbia Business School:\"Jobs, no. There will be no positive impact on jobs, there could even be some loss of jobs because to the extent that if Trump scraps the clean power plant, then that's going to kill investment in environmental remediation and in scrubbers and things of that sort. Which was quite an active field.\"Juliette, Georgia - 2 June 20147 . Wide of coal-fired Plant Scherer cooling tower and smoke stacksNew York - May 31, 20178 . SOUNDBITE (English) Geoffrey Heal, Professor of Economics and Finance, Columbia Business School:\"There's nothing that will be gained in terms of employment from this. Trump has spoken about putting coal miners back to work but that isn't going to happen because of Paris and frankly it isn't going to happen anyway because coal is just too expensive and too dirty.Decker, Montana – November 15, 20169.Wide shot of coal coming out of chuteNew York - May 31, 201710 . SOUNDBITE (English) Geoffrey Heal, Professor of Economics and Finance, Columbia Business School:\"The U.S. is going to lose its seat at the table when it comes to negotiations on environmental policy globally because of this and a lot of US business is quite keen to remain in the Paris agreement because they want the U.S. to have a seat at that table. This is going to be important negotiations, these are going to be negotiations that affect every country in the world and the US really should be present in those negotiations. It's silly to just walk out of them.\"Irving, Texas - 24 June 201411. Exxon Mobil headquartersNew York - May 31, 201712 . SOUNDBITE (English) Geoffrey Heal, Professor of Economics and Finance, Columbia Business School:\"The U.S. is a rich, technologically, forward-looking country and that should be playing a leadership role in this and by pulling out the U.S. is handing that role to China and China is playing a leadership role in this area. China has been actively negotiating on climate issues with a number of countries. China has been very actively investing in green power and the Chinese government is quite open about wanting to make China a green superpower, you know, the principal source of equipment in the green energy field. And that could mean lost opportunities for the U.S.Newport News, Virginia – 22 May 201413. 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