Why the Paris Agreement is a 'bad deal' for addressing climate change
Joe Biden's climate alarm is poorly founded.
Take hurricanes. Last year, you undoubtedly heard that climate change made hurricanes “record-setting.” Actually, 2020 was above average in the North Atlantic partly because of the natural La Niña phenomenon, and only record-setting in that satellites could spot more storms.
When measured by total hurricane-damage potential, the 2020 North Atlantic was not even in the top 10. And almost everywhere else on the planet, hurricanes were far below average. Globally, 2020 ranked as one of the weakest hurricane years in the 40-year satellite record.
Rejoining the Paris agreement will solve very little at a high cost. By the UN’s estimates, if all nations live up to all their promises, they will reduce global temperature by less than 0.09 degrees Fahrenheit by 2100.
And Paris is costly, because it forces economies to use less or more expensive energy. Across many studies, the drag to the economies is estimated at between $1 trillion and $2 trillion in lost GDP every year after 2030.
We need a better climate approach.