Archive for the ‘United States’ Category

By JC

I realize I was a little snarky with my comments yesterday about the U.S. – Chinese deal on cutting greenhouse gas emissions. Maybe it is my inherent distrust of “gentlemanly handshake” agreements between two of the worlds’ three leaders-in-contest for world hegemony. Maybe it was because our own ex-Senator Max Baucus has been eerily silent during his stint as the new U.S. ambassador to China.

Run a google on Baucus’ accomplishments and statements on his work in China, and you come up with nothing. So of course, after watching him and seeing how he rolled in Congress, it’s easy to see him taking a back-room role in all this, and twisting it somehow to someone’s ($$) benefit. No matter (maybe), I digress.

But this agreement was no watershed moment to me, as there were no treaties signed, no Congressional approval, no third party involvement. It was strictly a political maneuver with a lot of side stories. But taken at its face value, here is what Frank Melum, Senior Point Carbon Analyst at Thomson Reuters had to say:

“We do not expect these new targets to significantly alter the world’s trajectory for emissions growth, but the joint announcement will probably alter the pace of negotiations, and could in time could lead to improved ambition levels”.

“Improved ambition levels.” Nice political double-speak! So, that’s all and good and symbolic, and pressure-setting for other countries and emerging economies. And of course, I remain highly skeptical that either the U.S. or China will meet the expectations set for them by 2030. Continue Reading »

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