Last week, President Obama announced a non-binding agreement with China to reduce carbon emissions, taking yet another action that puts America’s energy and economic future at risk. The so-called “deal” requires deep cuts in America’s carbon emissions by 2025, yet allows China to operate unfettered until 2030, at which time carbon emissions would supposedly level off.
Abundant, reliable, low-cost electricity is the driving force behind a healthy and growing economy. America has experienced this throughout its history, as affordable electricity, largely provided by coal-based generation, fueled widespread economic development. From Silicon Valley’s data centers in the West to the recent manufacturing resurgence in America’s Heartland, low-cost coal power has been a mainstay of support for growing jobs and the economy here at home. Coal currently provides 40 percent of our nation’s electricity and misguided attempts to limit its use only stands to harm millions of consumers and businesses.
On the other hand, China’s economy continues to grow, as the country increasingly looks to coal to provide the affordable power needed to fuel jobs and economic development. With coal powering its future, think of the country’s enormous growth potential between now and 2030 – and then consider the enormous setback America’s economy will face as a result of President Obama’s overzealous activism.
What happens if China violates the agreement with the United States? Well, nothing really. It’s a non-binding agreement after all. But long before 2030 (when we see whether China stayed committed), the United States economy will already have suffered as President Obama and his EPA move full steam ahead with costly regulations that will upend our commercial model for years to come.
Sadly, the president’s climate “deal” with China is yet another example of the administration putting its climate crusade ahead of the American families and businesses that depend on reliable, low-cost electricity. President Obama is leading Americans down a treacherous path, while allowing China to grow and develop for the next decade and beyond. Americans are truly on the losing end of this climate arrangement.
Visit www.KeepAmericasPowerOn.org by December 1 to send a comment to the EPA opposing costly carbon regulations.