The Paris climate treaty is climatically insignificant. The EPA’s own models show it would only lower global warming by an inconsequential two-tenths of a degree Celsius by 2100. The cost to the U.S.—in the form of required payments of $100 billion per year from the developed to the developing world—is too great for the inconsequential results. These very real expenses will consume money that could be used by the private sector to fund innovative new technologies that are economically sound and can power our society with little pollution.
Emissions are rising in the United States and China, the world’s two largest economies. [Five] Other countries are backsliding on their commitments. The world as a whole is not meeting its targets under the Paris pact.
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.