A Worthless Agreement | 1791

A Worthless Agreement | 1791

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The lionshare of the continual decrease in carbon emissions can be attributed to energy innovation in markets, not regulations. This non-binding agreement, if adhered to, would cost the US billions of dollars over decades. It would likely fail to reach its goal unless the US introduced even more costly regulations to constrain its economy, while the rest of the world continues at its own pace.

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Further reading:

MIT Temperature Change

Pakistan Commitments

China & India pledged to carry on as before

China sets climate policy goal that US National Laboratory assessed would have been met prior to the Paris Accord

Carbon Dioxide Emissions Keep Falling in the U.S.

Carbon Dioxide Emissions Fall 14 Percentage Points as of 2012

The Obama administration concedes its own policies are unlikely to fulfill its own pledge.