Monday, 30 April 2018

PARIS ACCORD SHIFTS JOBS FROM THE WEST TO INDIA AND CHINA


It's as simple as that, as set out in this article below.

Louisiana Sen. Bill Cassidy noted one obvious problem Thursday with French President Emmanuel Macron’s recent clarion call for the U.S. to stay connected to the Paris Climate agreement.

Exempting China and India from abiding to the non-binding deal is one of the main reasons why greenhouse gas emission are pitching upward, Cassidy said in an interview with Fox News’ Brian Kilmeade. Environmental rules in the U.S. are causing companies to shift production to countries not tethered to the accord’s strict provisions.

“Paris climate accord leaves out China and India until 2030, and they’re the major polluter,” Cassidy said of the move allowing both countries to opt out of the international agreement until 2030. “It has no teeth,” he added, “and no one is going to achieve their goals except maybe the U.S.”

Major manufacturers have wagered China is the path of least resistance. “It’s cheaper to produce there because of regulations in the U.S. and the E.U.” said Cassidy, who became a Republican in 2006 after several decades as a Democrat. “And now we have more global greenhouse gas emissions, but the loss of American jobs.”

Carbon emissions rose in 2017 after stalling for three years in a row, according to a report by the International Energy Agency (IEA). IEA’s report mirrors findings published in the Global Carbon Project in 2017, predicting global emissions would rise two percent.

CO2 emissions rose because of a 2.1 percent increase in global energy demand — 70 percent of which was met by fossil fuels, especially natural gas and coal-fired electricity. China’s six percent jump in electricity demand was met by coal, IEA reported.

The rise in emissions came as the world economy grew 3.7 percent in 2017. Higher economic growth means more emissions, despite claims economic growth had begun to “decouple” from greenhouse gas emissions. Much of that economic output is a result of American and European companies shifting manufacturing to places where labor costs are lower.

Follow Chris White on Facebook and Twitter.

This article originally appeared in The Daily Caller

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