REJOINING PARIS CLIMATE ACCORD WOULD COST 40,000 JOBS

Key Points:

  • Presidential nominee Joe Biden has announced that he would rejoin the Paris climate accord on Day 1 if he wins the White House.
  • Analysis from the Heritage Foundation found that rejoining this agreement would have massive impacts on the economy, including:
  • An overall loss of nearly 400,000 jobs, half of which would be from manufacturing.
  • An average total income loss of more than $20,000 for a family of four.
  • An aggregate GDP loss of over $2.5 trillion.
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