Kerry: ‘In the End’ Climate Deal ‘Will Be a Job Creator’
DICKERSON: "Nearly 200 countries have signed on to a climate change agreement they hope will avert a global disaster. Each promise to slow carbon emissions towards a goal of preventing global temperatures from rising more than two degrees Celsius or 3.6 degrees Fahrenheit above pre-industrial temperature levels. These are nonbinding and there’s no inr enforcement mechanism to punish those who don’t keep their promise. Secretary of state John Kerry, who LED the U.S. Delegation, compared the effort to moving the biggest battleship in the world. We spoke with him earlier from Paris and asked him about the lack of enforcement in the deal."
KERRY: "But to get an agreement with 186 nations signing on to a uniform system of required mandatory reporting by which they could be held to a standard and also to be able to have a very ambitious goal and have the flexibility that we have in this agreement to be able to meet those standards did essential. And so I think it’s a break away agreement which actually will change the paradigm by which countries are making judgments about this. The most important thing, John, that really happened today is that the business community of the entire world is receiving a message about countries now moving towards clean alternative, renewable energy and trying to reduce their carbon footprint. That is going to spur massive investment and its technology, it’s American ingeneral knew tee that is going to solve this problem. People accept somewhere in the vicinity of $50 trillion to be spent over the course of the next 30, 40 years. That is going to be an enormous transformation of our economy, better because it will reduce our dependency on foreign fuel, will increase our security, it will provide for our environment, cleaner air, healthier people. Just all kinds of pluses and in the end going to be a job creator."
DICKERSON: "What signal does this send to the coal, oil and gas market?"
KERRY: "We’re going to continue to be pumping gas and using gas as oil for years to come. What it does signals that there’s transformation taking place and people need to diversify, people need to look for cleaner ways of doing things. We commit a fair amount of money to the effort to find clean coal. And if we can burn coal in a clean way, then coal could continually have a future under those circumstances, depending on the price. But more hand more energy production is going to become price dependent. The president sees this as a critical transformational issue for the American economy. It’s also critical for us because you can already see in the United States the negative impacts of climate change. The president went up to Alaska this year and showed the world our glacier national park that’s disappearing will be altogether gone in a few years that’s happening around the world."