Source:
https://www.newsmax.com/larrybell/epa-xijinping-mccarthy/2021/01/19/id/1006285/
"As part of his $2 trillion "Equitable Clean Energy Future" agenda, President Biden has pledged to recommit America to the Paris Climate Agreement (drafted in 2015, signed in 2016) that proposes to eliminate carbon emissions from electricity by 2035, and shift from oil, natural gas and coal to achieve "net-zero carbon" emissions by 2050.
This would occur as China and India which have represented 80% of the emission increases, and are not bound to the pact, are dramatically ramping up coal and oil development.
Although Beijing agreed to peak its emissions by 2030, they have a pass to do nothing to stem growth of CO2 emission growth during the 15 years leading up to that deadline.
... When President Xi Jinping announced in September of 2019 that China would be carbon-neutral, he generously gave coal a four-decade-long "transition period."
China, the world’s largest CO2 emitter, had raised its coal-fired capacity ...
... The Paris Agreement doesn’t specify how much each country must reduce its own emissions or what timeline they should use.
Rather, it just asks them to set a target in line with a goal.
But despite countries setting their own objectives, the majority of the 184 signers are failing to achieve them.
Of all EU signatories to the Paris Climate Treaty, not one of them is meeting their current goals for 2030 emissions reduction.
Only five of them — Luxembourg, Netherlands, France, Portugal and Sweden — are even at 50% of their targets.
The rest are all trailing behind.
Eastern EU nations will continue to build coal-fired plants, and Norway is massively expanding oil production.
Germany, which despite leading much of the charge for “renewable energy” remains stalled at roughly their 2009 emission level as Europe’s biggest consumer of coal which generates more than one-third of its power supply.
Although Germany stopped all black coal mining in 2018, it continues to import coal from other countries to run its power plants.
... the country that did most to reduce its emissions is one that never signed the Paris pact.
... According to the International Energy Agency (IEA), "U.S. emissions are now down almost 1 Gt from their peak in the year 2000, the largest absolute decline by any country over that period."
... the Biden agenda will terminate an energy resource revolution that has stimulated over $200 billion of investment in new factories, generated millions of jobs, produced vital federal and state revenues, reduced the trade deficit by several hundred billion dollars, and expanded America’s policy flexibility and influence regarding foreign adversaries and allies alike.
... President Trump wisely withdrew the U.S. from the Paris pact, and President Obama’s commitments, which included a pledge of $3 billion from American taxpayers to the U.N.’s Green Climate Fund by 2020 ...
In reality, the U.S. had never actually signed on to the agreement — which would have required Senate treaty ratification — something that wouldn’t previously have happened.
The Paris "agreement" was actually a non-treaty ... , since each nation set their own emission goals with no penalties.
... Beijing energy oligarchs must be beaming with gratitude."