Stephen Moore posted an article at Real Clear Politics today about global pollution. Remember all the hysteria when America didn’t sign the Kyoto Treat and didn’t institute a cap-and-trade carbon tax? Well, evidently Americans cared enough about keeping the air clean to reduce carbon dioxide emission on their own.
The article reports:
Yet the latest world climate report from the BP Statistical Review of World Energy finds that in 2017, America reduced its carbon emissions by 0.5 percent, the most of all major countries. That’s especially impressive given that our economy grew by nearly 3 percent — so we had more growth and less pollution — the best of all worlds. The major reason for the reduced pollution levels is the shale oil and gas revolution that is transitioning the world to cheap and clean natural gas for electric power generation.
Meanwhile, as our emissions fell, the pollution levels rose internationally and by a larger amount than in previous years. So much for the rest of the world going green.
The world’s largest emitter of carbon dioxide emissions is China. According to the invaluable Institute for Energy Research, “China produces 28 percent of the world’s carbon dioxide emissions. India is the world’s third-largest emitter of carbon dioxide and had the second-largest increment (93 million metric tons) of carbon dioxide emissions in 2017, more than twice as much an increase as the U.S. reduction.” This means it doesn’t really matter how much America reduces its greenhouse gases because China and India cancel out any and all progress we make. Those who think they are helping save the planet by purchasing an electric car or putting a solar panel on their roof are barking up the wrong tree. There is no way to make progress on greenhouse gases without China and India on board — which they clearly are not.
It is basically ironic that China and India, both countries that signed the Kyoto Treaty, have increased their carbon dioxide to the point where they are cancelling out the gains made by America.
The article concludes:
So there you have it. The countries in the Paris climate accord have broken almost every promise they’ve made and the nation (the U.S.) that hasn’t signed the treaty is doing more than any other nation to reduce global warming. Yet, we are being lectured by the sanctimonious Europeans and Asians for not doing our fair share to save the planet. It’s another case study in how the left cares far more about good intentions than actual results. What matters is that you say that you will wash the dishes, not that you actually do it.
Unfortunately the war on carbon has never been about making the earth a cleaner place–it has always been about money. The Chicago Climate Exchange was set up in 2003 so that powerful Democrats could make a ton of money once cap-and-trade legislation was passed in America. It closed in 2010 when the legislation was not passed, and those Democrats lost their investment. Its two biggest investors were Al Gore’s Generation Investment Management and Goldman Sachs–and President Obama, who helped launch CCX with funding from the Joyce Foundation, where he and presidential advisor Valerie Jarrett once sat on the board of directors. Had cap and trade gotten through Congress, all of those people would have made a lot of money. That is one of many reasons why they supported the legislation–clean air was simply a side issue. (References here and here).