Well, energy enthusiasts, another exciting week has passed here at ACCCE. My first week was a whirlwind with the announcement of EPA’s new carbon regulations, but my second week was even more interesting. The initial flurry of activity caused by the announcement has quieted and the delusional claims of the administration are being thoroughly scrutinized. Last week, I approached the EPA regulations on a small scale and addressed how they would affect my home region of Eastern Kentucky. During week two, however, I wanted to look beyond our own borders and see how these regulations could play out on the global stage.
As we all know, if implemented, EPA’s regulations on America’s existing coal fleet will only reduce greenhouse gas emissions by less than one percent. This is a virtual drop in the global climate change bucket. The Obama administration is acutely aware of this negligible reduction yet claims their plan will lead the world by example. To examine this claim, I wanted to start with a simple question: is President Obama really leading anyone?
For now, let’s just take a look at our nation’s coal-producing allies, Australia and Canada. Recent statements by the Prime Ministers of Australia and Canada clearly show they have no intention of playing “follow the leader.” Tony Abbott of Australia says he refuses to implement a “job-killing carbon tax” that would “clobber” their economy. Stephen Harper of Canada speaks in a similar vein, stating that there was “no chance” a country would implement policies that would “deliberately harm jobs and growth in their country.” With a yearly cost of $8.8 billion, monumental job loss and virtually no benefit, both Australia and Canada understand what an economically foolish undertaking President Obama’s plan is. In contrast to President Obama’s claims of global leadership on climate change, however, our “leader” is standing alone. I’ll be on the lookout for other nations weighing-in on this debate and let you know what I learn.