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The Economic Challenge of Climate Change

When I was a youngster in the 1970’s the talk on the news was there is going to be a new ice age. It was even stated in Newsweek magazine on April 28th, 1975 that evidence in support of these predictions has now begun to accumulate “so massively that meteorologists are hard-pressed to keep up with it.” Now almost 50 years later scientists are now warning the public that the evidence for global warming has now begun to accumulate so massively that we are in severe danger again.There have been many failed prognostications over the many years I have been alive, so for that reason I keep a speculative attitude towards the existence of climate change. Do I believe that climate change is real? Yes, because the Earth’s climate has been in flux for billions of years. Whether or not it is man-made is quite speculative, since the amount of years that there has been recorded data on the climate is just a blip within the 4.5 billion years of Earth’s existence.

I do think it is a good idea to reduce pollution and keep our environment clean. Reducing greenhouse gases is a good thing objectively. These types of actions contribute to the innovation of alternative forms of energy since fossil fuels are a finite resource. But the danger in alternate energy is it may alter our economy.  According to Robert Rabier an Energy writer for Forbes magazine, the USA is the leader in the reduction of greenhouse gases. So although we emit the most ‘per capita’ emissions, we are the leaders in GHG reductions..

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https://green-mom.com/climate-change-vs-economy/#.XIprMxNKiS5

I also think pulling out of the Paris Climate Agreement was a good idea. From The Hill “China’s Rising Emissions Prove Trump Right on Paris Agreement”, by Liz Peek, 06/05/18: “The Paris Agreement was a weak lopsided agreement. It required little from China and a great deal from the U.S. In the agreement the United States was committed to reducing carbon emissions by 26% to 28%” all by 2025. This would cause a substantial jump in electricity costs and a burden on our economy. In contrast, Peek notes that China committed to boosting non-fossil fuels to around a 20% of its ‘overall’ energy mix by 2030, with a ‘hope’ that emissions might peak at that time.

Greenpeace indicated that China’s 2018 carbon emissions were on track to grow at the fastest rate in six years. The study was based on government data regarding the use of coal and other energy sources. Analysts are also predicting similar gains into future quarters. This would help China eclipse the United States economy. Make no mistake, China’s ultimate goal is to become the world leading economy.  If the world leading economy shifts from the USA to China, we are all in trouble. Remember, we will be shifting from the United States economy which has been the world leading reducer of greenhouse gases to a Chinese economy, which is the world leading producer of greenhouse gases and other forms of pollution. We will also be shifting from a world emphasizing free Democratic economies to a one with an oppressive Communist economy.

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