The article reports:
Under the agreement, America pledged to cut between 26 and 28 per cent of the level of its carbon emissions set in 2005 by 2025 as part of the global fight against climate change.
So President Obama is willingly going to cripple the American economy while China continues to pollute and grow its economy. Wow! What a deal!
The article further reports:
The U.S.’s target to reduce its emissions of heat-trapping gases by 26 percent to 28 percent by 2025 is a sharp increase from Obama’s earlier vow to cut emissions by 17 percent by 2020.
However, China, whose emissions are still growing as it builds new coal plants, did not commit to cut emissions by a specific amount.
As the Daily Caller reported in January 2014:
“As coal-fired power plants are set to retire and EPA uses every regulatory trick in the book to make sure no new plants are built, we are going to see increased uncertainty in energy prices, reliability, capacity and reserves,” Louisiana Republican Sen. David Vitter told The Daily Caller News Foundation in an emailed statement.
This news comes as China approved 100 million metric tons of new coal production capacity in 2013, despite air widespread air pollution concerns in the country. This is part of the Chinese government’s plan to bring 860 million metric tons of coal production online by 2015 — more than the entire annual coal output of India.
“By requiring CCS, EPA is placing a de facto ban on the construction of new coal-fueled power plants, handing over leadership of the development of CCS, and an estimated $1 trillion in economic benefits, to countries like China,” said Laura Sheehan, spokeswoman for the American Coalition for Clean Coal Electricity.
Even if America stopped burning coal, the impact on the global environment would be minimal if China continued to build coal plants at its present rate. Note that China has made no promises to actually stop what it is doing. This is a bad deal and hopefully the lame-duck Senate will not approve it.