The Paris Climate Accords is an immoral, self-destructive agreement that on paper commits the US to huge productivity losses in the short term and total economic destruction in the long term. Unfortunately, Joe Biden’s plan to implement the Paris Accords is far worse.
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In 2015 the Obama/Biden administration, without Senate authorization, committed the US to the Paris Climate Accords. The Accords called for a 28% cut in emissions by 2025 and at least an 80% cut by 2050.
The costs of Obama's Paris plan would have been enormous. The nonpartisan National Economic Research Associates concluded that Obama's plan would cause rising economic damage reaching $2 trillion a year—about $15,000 a household—by 2040.
The costs of Obama's Paris plan to industrial workers would have been particularly onerous. The nonpartisan National Economic Research Associates concluded that Obama's plan would destroy 6.5 million American industrial jobs by 2040.
Joe Biden's Paris plan is far more more onerous than Obama's: eliminating CO2 emissions from electricity by 2035 and eliminating all CO2 emissions by 2050. In fact, it's impossible because all energy uses a lot of fossil fuel for mining, transportation, and high-temp heat.
While Biden's emissions elimination goals cannot be achieved, period, the attempt to achieve them would be devastating. Just one of Biden's plans involves forcing Americans to pay $2 trillion--$15,000 a household--to begin a solar and wind-based grid that can’t possibly work.
No cost estimates are possible for the impossible "net zero by 2050" goal. But the only nation to even try an independent cost-estimate, New Zealand, calculated 16% of GDP--the equivalent of $5 trillion a year US. That's about $30,000 a household.
nypost.com/2021/01/15/joe…
nypost.com/2021/01/15/joe…
Even $30K per household per year is an underestimate for Biden's Paris plan, because it assumes he will seek the most cost-effective ways to reduce emissions. But on Day 1 Biden *increased* emissions by stopping a pipeline that would have reduced emissions and created 10K+ jobs.
Here's a full breakdown of why rejoining the Paris Climate Accords is un-American and immoral.
https://twitter.com/AlexEpstein/status/1346172570907803649
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