Paul Krugman on Why the U.S.-China Agreement on Carbon Emissions Is a Really Big Deal
There are those, like new Senate leader Mitch McConnell, who wring their hands over the war on coal, which is not making a lot of impact, Krugman points out, since coal mining employs few people, and they've already been defeated.
What makes the agreement truly meaningful, Krugman argues, is that even Americans who are worried about global warming (most people) have felt helpless to fight it with other developing countries like China continuing to pollute. And, until now, no one thought China would get on board to help protect the climate. In some ways, this has been understandable, Krugman writes.
America is not exactly the most reliable negotiating partner on these issues, with climate denialists controlling Congress and the only prospect of action in the near future, and maybe for many years, coming from executive orders. (Not to mention the possibility that the next president could well be an anti-environmentalist who could reverse anything President Obama does.) Meanwhile, Chinas leadership has to deal with its own nationalists, who hate any suggestion that the newly risen superpower might be letting the West dictate its policies. So what were getting here is more a statement of principle than the shape of policy to come.
Still, though, there is a lot to cheer here, Krugman concludes.
Until now, those of us who argued that China could be induced to join an international climate agreement were speculating. Now we have the Chinese saying that they are, indeed, willing to deal and the opponents of action have to claim that they dont mean what they say.
Needless to say, I dont expect the usual suspects to concede that a major part of the anti-environmentalist argument has just collapsed. But it has. This was a good week for the planet.
MORE:
http://www.nytimes.com/2014/11/14/opinion/paul-krugman-china-coal-climate.html?hp&action=click&pgtype=Homepage&module=c-column-top-span-region®ion=c-column-top-span-region&WT.nav=c-column-top-span-region&_r=0
http://www.alternet.org/economy/paul-krugman-why-us-china-agreement-carbon-emissions-really-big-deal