whether this interpretation is right or wrong isn't relevant, the bottom line is that under the agreement the US would have been liable to pay many hundreds of billions of dollars.Well, you clearly haven't read the text.
China gets nothing, nada, definitely not "trillions". (China is actually contributing money.)
India may get something but the with a total US pledge of $3billion (only $400 million actually paid), it will be substantially less than "trillions".
Ironically, it's probably only a matter of time before other countries slap a carbon tax on US exports which will cost us a lot more in the long run.
Trump has laid down the line here with the leaving the accords, with nato and everywhere that the US is not the world's ATM anymore. there won't be pallets of cash delivered to countries as was the case under the prior regime in power.
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