The Paris agreement has many disadvantages
The Paris agreement has many disadvantages, as well. This agreement creates a different structure and a set of rules for each of the countries. It influences the nations who are falling under the category of developed. Countries like China and India were not forced to reduce the same amount of greenhouse emissions as the United States. Based on the rules of this agreement, the countries can decide how to reduce emissions independently while this agreement does not ensure the enforcement method. The transition from the fossils fuel to renewable is not a problem for the developed where the entire infrastructure is already established. Many countries around the world are going through the industrial revolution.
The reduction of coal and natural gas can help the environment, but it increases the household’s cost. It is one of the significant disadvantages of this agreement. Thus, the president of the US windrows from this agreement in 2017. The result of the Paris agreement is the change of 1 degree Celsius by 2020 to reduce greenhouse gases, but the countries do not know the cutting amount of emission. The cost of this agreement is enormous, and the countries raise the amount of $100 billion per year by 2020. It needs to rise to $450 billion annually to affect global change. The organization will spend this fund without any accountability and transparency. It is a big issue of this agreement. The implementation of the Paris agreement could increase the price of energy. Changes like clean power are becoming essential globally. It changes the prices of coal, oil, and natural gas. The reserve price would support the renewable energy sector. It increases the amount of the goods and services of the household of the nations, and it is a significant disadvantage of this agreement. China receives a high number of manufacturing orders from all around the world due to low labor costs. This country works on nuclear and coal energy resources, and it is the competition for the Americans and Europeans. The US creates a framework, which is beneficial for all the nations in the world. The emission cut of this country does not hold accountable concerning china and India. It is a disadvantage for the United States due to the Paris agreement.