Top 5 Reasons Congress Should Reject Obama’s Climate Change Treaty

Nicolas Loris

Politics,

This is nothing but a bad deal for Americans. 

Secretary of State John Kerry will join leaders from around the world to sign the Paris Protocol global warming agreement this Friday at the United Nations headquarters.

Here are the top five reasons Congress and the next administration should withdraw from the accord:

1) Higher energy bills, fewer jobs and a weaker economy.

The economic impact of domestic regulations associated with the Paris agreement will be severe. To meet America’s commitment to reduce carbon dioxide emissions, the administration will need to drive the cost of conventional fuels higher so households and businesses use less.

Because energy is a necessary input for almost all goods consumers buy, households are hit by higher prices multiple times over. Global warming regulations will increase electricity expenditures for a family of four by at least 13 percent a year. Cumulatively, they will cost American families over $20,000 of lost income by 2035 and impose a $2.5 trillion hit on the economy.

2) No impact on climate.

Regardless of one’s opinions on the degree to which climate change is occurring, regulations associated with the Paris accord will have no meaningful impact on the planet’s temperature.

Even if the government closed the doors to every businesses and CO2-emitting activity in the U.S., there would be less than two-tenths of a degree Celsius reduction in global temperatures.