The avalanche begins: Turkey dumps Paris Accord following US
Everyone knows a scam when he sees one. President Trump pulled the U.S. out of the Paris Climate Accord, and within about a month, Turkey was right on our heels, scrapping its role in the pact right behind us. They didn't want to be another pillar in some fake global warming establishment myth that would ruin their economy and empower eurocrats, just so wealthy greenie hipsters in the West can feel good about themselves.
President Recep Tayyip Erdoğan said on Saturday that Turkey will not be ratifying the Paris climate accord, citing President Donald Trump's decision to abandon the deal.
"After that step taken by America, the position that we adopt is in the direction of not passing it in parliament," he told the press Saturday at the end of the G20 summit in Hamburg, Germany.
Despite the fact that every other leader but Trump signed on to summit's final statement asserting "the Paris agreement is irreversible," Erdoğan said some of those countries had a "problem" with the accord and are "not renewing their support."
Notice that in their case, with the U.S. pullout, it's a case of the gravy train shutting down. Under the original pact, President Obama pledged $2 billion to third-world countries as part of the deal. Well, now that the money's run out, there's no reason to hang around.
Basically, the avalanche begins.
And what I forecast the day the pact was dumped.
This means that now's a good time to look for the London bookies to start setting up betting pools.
In my earlier piece, I wrote:
Meanwhile, this comes against a backdrop of ongoing climate skepticism. Officials from the Czech Republic, Poland, Hungary, Australia, and the oil-rich Arab states have openly questioned global warming in the past. While any pullout depends on who gets elected to office, the reality is there that many officials want nothing to do with this economy-killing pact. As for China and India, sure, they want the pact – so long as they never have to produce any results.
So who will the next exit candidate be? We have got the Czech Republic, Poland, Hungary, Australia, and the Gulf states, and, from the TPM account, we can add Russia. Care to take bets as to when the next one will bail?