Sunday, January 17, 2021

Paris Accords

Biden is considering rejoining the Paris Accords to help in the battle against global warming. Since the Accords started in 2015 the United States has reduced CO2 emissions while China has increased emissions. The US has changed from coal to natural gas while China has increased coal usage. The US is to pay $3 billion dollars per year into the fund and China will receive money from the fund. The Accords have achieved far less than was projected as enforcement is based on the name and shame concept. Sounds like cancel culture on a global basis. It is like all United Nations programs in that it is a transfer of wealth from the west to less developed countries. There is little control over how countries use the money so much of it will be siphoned off to enrich local leaders. There is much the US can do to help reduce CO2 emissions but not through the United Nations. The US can export natural gas to replace coal around the world particularly in Asia but there is no push for that since there is no way for government officials to get their hands on cash.

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