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US Withdrawal from Paris Agreement: Economic Impact and Energy Costs

This resolution calls for the formal withdrawal of the United States from the Paris Agreement. It argues that the agreement was entered into without congressional consent and could lead to increased energy costs for citizens and job losses, putting the US at a competitive disadvantage. It also highlights the limited impact of the Paris Agreement on climate change, noting that the US is already effectively reducing emissions.
Key points
Potential increase in energy costs for families by 13-20% annually due to Paris Agreement regulations.
Possible loss of 2.7 million jobs and a $250 billion GDP reduction by 2025 as a result of agreement commitments.
Assertion that the Paris Agreement was not ratified as a treaty by the Senate, raising questions about its legality.
Claim that the Paris Agreement has minimal impact on global temperatures, and the US leads in emissions reduction without international obligations.
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Additional Information
Print number: 117_HRES_113
Sponsor: Rep. Arrington, Jodey C. [R-TX-19]
Process start date: 2021-02-11