Paris Climate of Conformity

From the editors, at the Wall Street Journal:

The moment to be wariest of political enthusiasms is precisely when elite opinion is all lined up on one side. So it is with the weekend agreement out of Paris on climate policy, which President Obama declared with his familiar modesty “can be a turning point for the world” and is “the best chance we have to save the one planet that we’ve got.”

Forgive us for looking through the legacy smoke, but if climate change really does imperil the Earth, and we doubt it does, nothing coming out of a gaggle of governments and the United Nations will save it. What will help is human invention and the entrepreneurial spirit. To the extent the Paris accord increases political control over human and natural resources, it will make the world poorer and technological progress less likely.

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The climate confab’s self-described political success is rooted in a conceit and a bribe. The conceit is that the terms of the agreement will have some tangible impact on global temperatures. The big breakthrough is supposed to be that for the first time developing and developed countries have committed to reducing carbon emissions. But the commitments by these nations are voluntary with no enforcement mechanism.

China (the No. 1 CO2 emitter) and India (No. 3 after the U.S.) have made commitments that they may or may not honor, depending on whether they can meet them without interfering with economic growth. If the choice is lifting millions out of poverty or reducing CO2, poverty reduction will prevail—as it should.

No less than the supposedly true global-warming believers of Europe are also happy about voluntary commitments because Paris liberates them from the binding targets of the Kyoto Protocol of 1997. Germany’s high energy costs in particular have been driving companies offshore thanks to its renewable energy costs and mandates.

But no one is happier than President Obama, who would have to submit a binding treaty to the Senate for ratification. As we have learned from the Iran nuclear deal and so much else, Mr. Obama is not into winning democratic consent for his policy dreams. Mr. Obama plans to use Paris as a stick to beat Republicans even as he ducks a vote in Congress. We doubt the Paris climate deal would get 40 Senate votes once Democrats in Ohio, Colorado or North Dakota were forced to debate the costs.

Mr. Obama’s U.S. CO2-reduction targets are fanciful in any case, short of a major technological breakthrough. The President promises that the U.S. will reduce carbon emissions by 26% to 28% from 2005 levels by 2025, but the specific means he has proposed to get there would only yield about half that. And that’s assuming none of Mr. Obama’s unilateral regulatory policies are declared illegal by U.S. courts.

As for the bribe, rich countries in Paris bought the cooperation of the developing world by promising to send $100 billion a year in climate aid. So the governments of the West are now going to dun their taxpayers to transfer money to the clean and green governments run by the likes of Zimbabwe’s Robert Mugabe. We can’t wait to see New York’s Chuck Schumer make the case on the Senate floor for American aid to China so it can become more energy efficient and economically competitive...

Lol.

The editors better not talk too much sense. They might get attacked as racist, heh.

Still more.