Paris Climate Conference Is a Bad Deal for America

At the 2015 Paris Climate Conference, or COP21, President Obama plans to sign another bad deal for America.
Paris Climate Conference Is a Bad Deal for America
Heat waves emanate from the exhaust pipe of a city transit bus as it passes an American flag hung on the L.A. County Hall of Justice in Los Angeles, Calif., on April 25, 2013. David McNew/Getty Images
Peter Morici
Updated:

At the 2015 Paris Climate Conference, or COP21, President Obama plans to sign another bad deal for America.

The United States will pledge to reduce greenhouse gas emissions 26 percent to 28 percent by 2025. That won’t stop global warming, and will likely make its consequences worse for most Americans.

Without international action, global temperatures are on track to rise as much as 3.9 degrees Celsius above preindustrial levels. Melting Arctic ice will raise sea levels enough to flood island nations in the Pacific and major coastal cities like Shanghai, expand deserts, and curtail global food production.

Curbing greenhouse gas emissions appears the only viable path available to mankind to limit the devastation.
Peter Morici
Peter Morici
Author
Peter Morici, professor at the Robert H. Smith School of Business at the University of Maryland, is a recognized expert on economic policy and international economics. Previously he served as director of the Office of Economics at the U.S. International Trade Commission. He is the author of 18 books and monographs and has published widely in leading public policy and business journals including the Harvard Business Review and Foreign Policy. Morici has lectured and offered executive programs at more than 100 institutions including Columbia University, the Harvard Business School and Oxford University.
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