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Cambridge Econometrics: US Faces Worst of Both Worlds

In economic terms the US could end up with the worst of both worlds by leaving the Paris agreement, according to analysis currently being carried out by Cambridge Econometrics and Radboud University.

The analysis, carried out using the E3ME macroeconomic model, shows that if the rest of the world presses on with implementing the agreement, the US’s decision to try to put a brake on the transition leaves it no less vulnerable to the economic costs and less likely to reap the benefits.