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Opinion from a Libertarian ViewPoint

Two Years After Trump’s Exit from the Paris Agreement, It’s Proven To Be a Farce | Mises Wire

Posted by M. C. on June 6, 2019

https://mises.org/wire/two-years-after-trumps-exit-paris-agreement-its-proven-be-farce

Paris Agreement Was Going to “Fail” Even On Its Own Terms

The most important point to emphasize is that the Paris Agreement was not going to deliver humanity from the scourge of climate change, if we stipulate the alarmist rhetoric for the sake of argument. From the website ClimateActionTracker.org, here is the latest estimate of the Paris pledges and the implied level of global warming through the year 2100:

thermom-768x761.png

As the figure shows, even if all of the countries (including the U.S., which is still technically part of the Agreement) met their Paris pledges, warming is projected to hit 3.0 degrees Celsius—well beyond the “safe” levels of either 1.5 or at most 2.0 degrees, which are the now-fashionable targets.

What’s worse, the figure also shows that the actual policies now in place will yield projected warming of 3.3 degrees Celsius, because it’s easier to promise to do something than to actually do it…

Empty Pledges Are a Feature, Not a Bug

Now to be sure, the fans of the Paris Agreement would dismiss my criticism above, by arguing that once the basic framework of a global agreement is in place, then we can tighten down the screws and get some serious emission reductions.

Yet this is foolish optimism. The only reason so many countries signed up for Paris is that the pledges were non-binding, and beyond that, in many cases the pledges were virtually meaningless.

For example, Oren Cass back in 2015 explained that the “Intended National Determined Contributions” (INDC) of India and China were arguably less ambitious than what would probably happen under business-as-usual. In other words, India and China’s initial “bids” for what they could do to help in the battle against climate change, involved no actual sacrifice since it’s normal for countries to reduce their emissions-per-unit-of-GDP over time.

Even more hilarious, in a 2017 article Cass quoted from Pakistan’s pledge, which was “committed to reduce its emissions after reaching peak levels to the extent possible.” If you think about it, every country could quite confidently make such a pledge: Once emissions reach their peak, they would come down thereafter. That’s why the peak level would be a peak, after all.

To repeat, this is not a coincidence. The only way to get all of the governments of the world to sign on to Paris, was for them each to realize that they weren’t actually on the hook for anything…

Just look at the squabbling and chaos as more and more governments experience voter backlash against restrictions on conventional energy. Here’s how a lamenting New York Times article explained the situation back in December:

In August [2018], an effort in Australia to transition away from coal…resulted in the ouster of the prime minister. The man who succeeded him, Scott Morrison, endeared himself to the industry by bringing a lump of coal into Parliament.

In November, Brazilians elected Jair Bolsonaro, who had pledged to promote agribusiness interests in the Amazon forest…

In Poland, the host country of the latest United Nations talks, the right-wing president, Andrzej Duda, opened the negotiations by saying flatly that his country did not intend to abandon coal.

…Emissions in China have grown for the past two years, signaling the difficulties of shifting the country away from its coal-dependent industrial economy. Germany is having a hard time moving away from lignite because of political opposition in the country’s coal-rich east. The French president, Emmanuel Macron, faces unrest at home over a layer cake of taxes that working-class people say burdens them unfairly.

As the examples above indicate—and they ignore the plunging fortunes of aggressive climate action in Canada too—this is certainly not the fault of Donald Trump. Around the world, the natives are getting restless, and finally saying “enough is enough” to the technocratic “solutions” that drive up energy prices without even solving the ostensible problem of climate change.

Conclusion

President Trump has followed through on his campaign promises to roll back counterproductive regulations on energy, far more than most of us thought would be politically feasible. The Paris Agreement never had a chance of seriously denting global emissions, and all along has been a vehicle to redistribute wealth, to the tune of trillions of dollars, as I explained here at IER several years ago.

Since even the most ardent environmental activists admit that the Paris Agreement hasn’t come close to “solving” the problem of climate change, they should actually be thanking Trump for being the first to announce that it doesn’t work and ending this farce.

Be seeing you

stuck in ice

 

 

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