Courtesy of Mish.
On Tuesday, China and US Struck Deal on Carbon Cuts in Push for Global Climate Pact.
In a New York Times Op-Ed, Secretary of State John Kerry reflected on Our Historic Agreement With China on Climate Change.
Agreement Summation
- President Obama pledged to cut US carbon emissions by 26-28% of 2005 levels by 2025
- China agreed to cap its emissions by 2030 (earlier if possible, but no guarantees)
- China will expand zero-emission sources to 20% by 2030.
Is this a good deal? For whom?
Here is a little perspective on the agreement.
Carbon Emissions by Country
Under the agreement, the US needs to act now. China can delay for 5-10 years or more.
Questions of the Day
- What will China’s emissions be in 2030 by the time China’s cap kicks in?
- Is this deal worth the accompanied hype?
Some of the comments on the Guardian Live Blog are ridiculous.
…