1. The Accord would force Americans more and more to use renewable or alternative energy sources. These sources–wind and solar–are more expensive and less reliable.
A study published last year found that “electricity from new wind and solar power is 2.5 to 5 times more expensive than electricity from existing coal and nuclear power.”
2. Cost increases generally hurt the poor since their dollars are already committed to more essential needs besides air conditioning in Central Los Angeles or heating in North Dakota.
Rising energy prices disproportionately affect those who already have the hardest time affording energy.
Every additional dollar that lower-income families spend on lighting and heating their homes is a dollar that is now no longer available to pay for housing, food, clothes, and books. By raising energy prices, the Paris Agreement would make it harder for these families to afford the things they need.
3. The Paris Climate Accord is a Trojan Horse for more energy regulation on producers:
The Paris Agreement saddles producers with burdensome regulations that increase the cost of doing business. . . . costs are either passed to consumers or . . . absorbed by businesses, resulting in lower employment . . . .
. . . developed economies like the United States rely on affordable, accessible, and reliable energy. Machines on the assembly line and the trucks transporting goods alike require energy to produce and deliver products to consumers.
Most affected by onerous environmental regulations are energy, manufacturing, and shipping firms. Imagine the mom and pop machine shop that would have to pay tens of thousands of dollars to comply with increased regulations originating from the Paris accord. That’s tens of thousands of dollars that now cannot be used to raise wages for their workers, hire new employees, purchase more inventory, or invest in capital (think: technology and machines) to produce tomorrow’s goods.
In the long run, total production will decrease, employees will make less money in wages and benefits, and consumers will face higher prices at the market. There will be less wealth, less prosperity, and fewer opportunities, especially for those struggling to find jobs or climb the economic ladder.
4. The Paris Climate Accord redistributes wealth from American taxpayers to international corporations and less developed nations.
The Paris Agreement also initiates a massive redistribution of wealth from developed countries to less developed countries. This will be orchestrated through the United Nations Green Climate Fund, which seeks to help developing countries purchase and construct alternative energy infrastructure.
The Green Climate Fund is the worst form of crony capitalism, guaranteed to benefit politically connected firms, especially those that stand to make millions of dollars in selling green energy technology. Like all government infrastructure programs, it will likely be highly inefficient and rife with corruption.
To make matters worse, the Paris Agreement assures that a significant portion of the multi-billion dollar budget for the Green Climate Fund will be financed by American taxpayers. Astoundingly, the agreement places American taxpayers on the hook for bankrolling pricey green energy technologies for other nations.
Where do supporters of the agreement think this money will come from? Have they forgotten that the United States is already $20 trillion in debt with unfunded liabilities (promises of future services) totaling over $200 trillion?
Remember that every dollar taxed by government is a dollar that American families and businesses cannot use to purchase the things they need. Taxes divert money and resources from the private sector, where it is spent more efficiently and according to the needs of consumers, to the public sector, where it is spent inefficiently on programs (like green energy) deemed “worthy” by central planners (in this case, the international community) without concern for the needs of the people in these different countries.
Trump may not be living up to all of his campaign promises, but he did Americans a good turn by rejecting the Climate Accord.
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But all the evidence in the world won’t persuade any Social Justice Warrior to question the propaganda, a term they so affectionately like to toss in the face of anyone with a an opposing opinion.