Critics of cap and trade remain unconvinced that tightening the reins on CO2 emissions in America would have much impact on global pollution — and thus would hinder American businesses with little benefit. That’s a sentiment echoed by the Heartland Institute:
Already responsible for one-third of the world’s greenhouse gas emissions, China, India, and other Asian nations are on pace to generate more than 40 percent of the world’s emissions by 2030, according to data released at a climate change conference in Manila, Philippines…
Following a recent visit to Beijing by U.S. climate change envoy Todd Stern, Chinese foreign ministry spokesman Qin Gang indicated his country has no plans to curb emissions in the near future, regardless of whether the United States does so.
“China is still a developing country, and the present task confronting China is to develop its economy and alleviate poverty, as well as raise the living standard of its people,” Gang told reporters. “Given that, it is natural for China to have some increase in its emissions, so it is not possible for China in that context to accept a binding or compulsory target.”
Max Schulz, a senior fellow at the Manhattan Institute, observes China and India have both publicly stated they have no plans to slow their growth.
“The steep growth in emissions by developing Asian countries, combined with clear statements that these nations have no plans to curtail their emissions, further highlights the futility of the United States’ plans to make drastic cuts in emissions,” said Schulz.
What do you think? Would cap and trade be futile due to the impact of Asian polluters et al.?