Greenhouse Gas Deal with China is an Attack on the American Economy
Workers move coal out from a mine in Shanxi Province, China. China is the largest producer and consumer of coal in the world. Photo credit: Nelson Ching/Bloomberg / Via US Chamber |
Secretary of State John Kerry detailed the deal in the New York Times: “For the first time China is announcing a peak year for its carbon emissions – around 2030 – along with a commitment to try to reach the peak earlier.” In exchange, the “United States intends to reduce net greenhouse gas emissions by 26 to 28 percent below 2005 levels by 2025.”
Here are a few points:
1. Reason’s Ronald Bailey estimates how much the United States will have to reduce its greenhouse gas emissions under the agreement:
2. China’s peak emissions year will be “around" 2030? Does that mean 2031, 2035, 2040? For international commitments to be meaningful and effective, they need to be precise. To put it mildly, “around” is not very precise.
3. This agreement is nonbinding and according to Reuters’ analysis is loaded with nebulous "intentions":
China's 2030 emissions target is set in terms of a date but says nothing about the level at which emissions will peak.
4. Did China really agree to something that it expects will happen anyway? Ben White in Politico’s Morning Money points to a 2012 story in The Guardian:
5. Along those same lines, under the International Energy Agency’s baseline scenario (IEA-NPS) of greenhouse gas reductions, China’s emissions are projected to peak by 2030 anyway [see slide 17].
6. There’s plenty of international skepticism. A German newspaper commented on the deal, “[It’s] as if a grizzly bear and tiger discuss how the world can be more vegetarian.”
Add this all up and you have a one-sided agreement in China’s favor, as Karen Harbert, president of the U.S. Chamber's Institute for 21st Century Energy said in a statement:
Sean Hackbarth is a policy advocate and blogger at U.S Chamber of Commerce. He twitters at @seanhackbarth and is a contributing author at the ARRA News Service.
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