Monday, December 5, 2016

China, Paris, Who do you beleive? OR IBD? I Like Investors Business Daily.


Editorials

China's Global Warming Hoax Exposed

China is ramping up the production and burning of coal even as its leaders lecture Donald Trump about climate change. (©kamilpetran-Fotolia/stock.adobe.com)
China is ramping up the production and burning of coal even as its leaders lecture Donald Trump about climate change. (©kamilpetran-Fotolia/stock.adobe.com)
Climate Change: Even as China is busy blasting Donald Trump for not taking global warming seriously it's ramping up coal production and throwing its promised CO2 reductions out the window. Hopefully, Trump won't be as easily fooled by China's duplicity as President Obama.
At a meeting of environmental officials earlier this month in Marrakech, Morocco, Chinese Vice Foreign Minister Liu Zhenmin lectured Trump about the importance of climate change.
Just a few days later, the New York Times reported that "China is scrambling to mine and burn more coal," and Fortune reported that the country is currently building $500 billion worth of new coal plants.
According to other accounts, China has authorized coal mines to boost production by 1 million tons per day, as it tries to stimulate economic growth. Bloomberg reported earlier in the month that China's five-year plan calls for a 19% increase in coal-fired generating capacity. The International Energy Agency, which had been praising China's alleged decarbonization efforts, now says this "transient spike" in coal use could go on for years.
This will, the Times notes, "make it harder for China and the world to meet emissions targets." That's because China is already the world's largest producer of CO2 emissions, and any increase it makes can easily swamp reductions made by other countries
Shanghai banker Brock Silvers said it best, when he told the Times that "I get a kick out of people in the West who think China is decarbonizing, because I see no sign of it whatsoever."
None of this should come as a surprise to anyone.
Two years ago, we noted that the agreement Obama signed with China to cut CO2 emissions was ridiculously one-sided. While Obama pledged to cut U.S. emissions as much as 28% in 11 years, China agreed only to take action starting in 2030, giving itself 16 years to increase carbon emissions before promising to curb them.
Then, just before the heralded Paris agreement last year, we learned that China had been burning 17% more coal than it had claimed for the previous 15 years — reminding everyone but climate change enthusiasts that relying on a communist country for accurate data was foolhardy.
And now, less than a year after signing the much ballyhooed Paris agreement — which Obama said meant that "the world has officially crossed the threshold for the Paris Agreement to take effect" — we learn that China is busy increasing coal production.
We'd be just as upset as environmentalists are about this development if we thought it meant anything. But as we've pointed out in this space, even if every country abided by their Paris promises, the impact on the global climate would be negligible. And that's assuming there's a crisis to be averted — a claim that grows more difficult to sustain as the climate refuses to warm up as predicted.
The real problem with these agreements isn't that China is cheating. When the choice is between growing one's economy and fighting the phantom menace of "climate change," the answer is easy.
The problem is that Obama has been so willing and eager to strap a gigantic "clean energy" millstone around the economy's neck, killing growth, adding to the cost of energy, lowering standards of living — all for nothing.
Climate change might not be a "Chinese hoax," as Trump once said. But China's claim to be on the vanguard of fighting climate change certainly is.
Trump might want to announce that, as president, he plans to follow China's lead and put economic growth ahead of pointless, growth-killing CO2 reductions.
RELATED:
The Growth Of Global Warming Nonsense: Surely We've Reached Peak Madness
With Trump, The U.S. Can Escape The Paris Climate Deal Trap
The Biggest Loser Of The 2016 Election? Tom Steyer

No comments:

Post a Comment