Despite the grandiose claims coming out of Paris, the political elites who want more control over the private economy in the U.S. and around the world are the last people on earth to save the planet, writes the WSJ.
… 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.
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.
Patrick Michaels, director of the Center for the Study of Science at the Cato Institute presents a chart from the University of Alabama that shows the abject failure of the computer models used as the basis for climate policy.
It’s mind-boggling that our leaders continue to cling to these failed models as the Paris summit stumbles to its predictable conclusion, which will be a lukewarm, unenforceable agreement, perhaps fitting for an atmosphere that is similarly lukewarming.
Mr. Michaels is also the author of Lukewarming: The New Climate Science that Changes Everything. Read more here.
More from Michaels here: