Paris Agreement

President Biden will sign 17 executive orders and joining the Paris Agreement is one of those. The Paris Agreement is one more move toward globalization, which means transfer of wealth from the West to the East. Part of China's admission to the WTO included their being recognized as a developing country. The Paris agreement is designed to have developed countries send money to developing countries to help them meet their commitments on climate change. Western countries are to commit $100 billion dollars per year much of it going to China and India. China and India demanded rich countries provide financial support for them to increase their climate plans, as leaders prepared to meet at a UN summit in New York. While the US has reduced CO2 emissions neither of these countries will begin to reduce CO2 until far into the future. China says they will start reductions in 2030 but the consensus is that this will not happen as China has reneged on their promises to the WTO and their promises to Hong Kong. CO2 levels have risen every year since the Agreement led by Asia and Europe. Many feel this Agreement is more about moving money than improving the environment and evidence bares this out.