An important new report, released in early December 2015, that outlines the sham that is the Paris climate talks. The report points out President Obama's strategy to make Americans pay for past economic success by taxing them and transferring their wealth to other countries--all in the name of so-called climate change.
Cpd water diplomacy initiative april 2012 policy brieAMMY30
This document discusses water diplomacy and outlines recommendations for how public diplomacy tools can help address global water challenges. It notes that while water is essential for human life, it is increasingly scarce due to problems like pollution, lack of conservation programs and mismanagement. The document recommends that the U.S. make water diplomacy a priority, fulfill commitments to increase access to water under the Senator Paul Simon Water for the Poor Act of 2005, and establish an international water diplomacy working group to facilitate partnerships and share best practices. Public diplomacy, the document argues, is crucial for achieving water and foreign policy goals through listening, training and raising awareness of water issues.
The National Debt History, Trends And ImpactRoniSue Player
The document discusses the national debt of the United States, including its current size of over $9 trillion as of 2007, who it is owed to, historical trends, and potential impacts. It notes that total debt obligations including programs like Social Security and Medicare exceed $53 trillion. Much of the debt is held by the public and foreign governments, with foreign holdings increasing in recent years. Rising costs of programs and an aging population threaten to increase the debt to unsustainable levels if not addressed.
The document discusses the 2011 US debt ceiling crisis. It provides background on the debt ceiling and explains that failing to raise it would require massive spending cuts or default. The crisis occurred when the debt limit was reached in 2011. Republicans opposed tax increases while Democrats supported a mix of cuts and taxes. Eventually, a deal was reached involving spending limits but no tax increases. This damaged the US economy and credit rating. The global effects included weaker currencies in countries tied to the dollar and impacts on oil producers and China's holdings of US assets.
The document discusses national debt and deficits. It notes that the US national debt was $5.6 trillion in 1999 and $12.8 trillion in 2010. It explains that debt is the accumulation of yearly deficits and surpluses, with deficits added to the debt and surpluses reducing it. The document also discusses "pork barrel" spending projects by Congress and debates around taxation and proportional versus progressive tax systems.
The international debt crisis arose in the 1970s when developing nations borrowed heavily from private banks and other creditors to finance their economies. This external debt grew rapidly and unsustainably for some countries. By the mid-1980s, developing country debt totaled over $800 billion, requiring more than 20% of some countries' export earnings just for debt service payments. While debt reschedulings provided temporary relief, the underlying debt problem remained and has continued dragging down growth in indebted nations.
Saving the American Dream: The Heritage Plan to Fix the Debt, Cut Spending, a...The Heritage Foundation
In this landmark report, The Heritage Foundation presents a comprehensive plan to grow the economy and balance the budget. Saving the American Dream boldly reforms Medicare, Social Security, Medicaid, taxes, health insurance, and government spending. Dive deep into these policy ideas with seven full-color charts and six in-depth tables. Originally published May 2011.
The document discusses the national debt of the United States, which currently stands at over $18 trillion. It explores the history of rising US debt levels and the economic effects of increasing versus consolidating the debt. Increasing debt leads to higher interest rates, less investment, and reduced GDP growth. Consolidating debt has short-term negative effects but long-term benefits like lower interest rates and more funding for programs. The document also examines threats of sovereign default and financial crises based on examples from other countries.
Cpd water diplomacy initiative april 2012 policy brieAMMY30
This document discusses water diplomacy and outlines recommendations for how public diplomacy tools can help address global water challenges. It notes that while water is essential for human life, it is increasingly scarce due to problems like pollution, lack of conservation programs and mismanagement. The document recommends that the U.S. make water diplomacy a priority, fulfill commitments to increase access to water under the Senator Paul Simon Water for the Poor Act of 2005, and establish an international water diplomacy working group to facilitate partnerships and share best practices. Public diplomacy, the document argues, is crucial for achieving water and foreign policy goals through listening, training and raising awareness of water issues.
The National Debt History, Trends And ImpactRoniSue Player
The document discusses the national debt of the United States, including its current size of over $9 trillion as of 2007, who it is owed to, historical trends, and potential impacts. It notes that total debt obligations including programs like Social Security and Medicare exceed $53 trillion. Much of the debt is held by the public and foreign governments, with foreign holdings increasing in recent years. Rising costs of programs and an aging population threaten to increase the debt to unsustainable levels if not addressed.
The document discusses the 2011 US debt ceiling crisis. It provides background on the debt ceiling and explains that failing to raise it would require massive spending cuts or default. The crisis occurred when the debt limit was reached in 2011. Republicans opposed tax increases while Democrats supported a mix of cuts and taxes. Eventually, a deal was reached involving spending limits but no tax increases. This damaged the US economy and credit rating. The global effects included weaker currencies in countries tied to the dollar and impacts on oil producers and China's holdings of US assets.
The document discusses national debt and deficits. It notes that the US national debt was $5.6 trillion in 1999 and $12.8 trillion in 2010. It explains that debt is the accumulation of yearly deficits and surpluses, with deficits added to the debt and surpluses reducing it. The document also discusses "pork barrel" spending projects by Congress and debates around taxation and proportional versus progressive tax systems.
The international debt crisis arose in the 1970s when developing nations borrowed heavily from private banks and other creditors to finance their economies. This external debt grew rapidly and unsustainably for some countries. By the mid-1980s, developing country debt totaled over $800 billion, requiring more than 20% of some countries' export earnings just for debt service payments. While debt reschedulings provided temporary relief, the underlying debt problem remained and has continued dragging down growth in indebted nations.
Saving the American Dream: The Heritage Plan to Fix the Debt, Cut Spending, a...The Heritage Foundation
In this landmark report, The Heritage Foundation presents a comprehensive plan to grow the economy and balance the budget. Saving the American Dream boldly reforms Medicare, Social Security, Medicaid, taxes, health insurance, and government spending. Dive deep into these policy ideas with seven full-color charts and six in-depth tables. Originally published May 2011.
The document discusses the national debt of the United States, which currently stands at over $18 trillion. It explores the history of rising US debt levels and the economic effects of increasing versus consolidating the debt. Increasing debt leads to higher interest rates, less investment, and reduced GDP growth. Consolidating debt has short-term negative effects but long-term benefits like lower interest rates and more funding for programs. The document also examines threats of sovereign default and financial crises based on examples from other countries.
The Wall Street-caused financial crisis and ongoing economic downturn have cost the American people an estimated $12.8 trillion so far. This includes actual losses in GDP as well as additional losses avoided through government spending and Federal Reserve actions. The crisis resulted in tens of millions of unemployed Americans, massive losses in household wealth totaling $19 trillion, and huge government bailouts and support programs. While the full costs are impossible to calculate, $12.8 trillion likely understates the true financial toll of the crisis on the US economy and its citizens.
This document is Prime Minister Kenny Anthony's address to the nation on Saint Lucia's fiscal challenges. He summarizes that the government is facing high deficits, debt levels, and unsustainable spending. While some measures have been taken to reduce the deficits, debt remains high at 73.6% of GDP. He argues that wages and salaries in the public sector, which account for 53% of recurrent spending, must be reduced to rein in expenditures and close the budget gap. However, critics argue that the Prime Minister's analysis ignores padding of figures and that expenditures would be better reduced by suspending untargeted social programs rather than cutting public sector wages.
The US debt crisis arose from a lack of economic growth following the 2008 financial crisis, leading to widening gaps between government outlays and revenues. By 2011, the debt exceeded $14 trillion and approached the debt ceiling, risking default. To address this, Congress agreed to raise the ceiling while implementing plans to increase taxes and cut over $1 trillion in spending. Currently, the US debt totals over $15 trillion and foreign countries like China and Japan own large portions, with China owning over $1 trillion in treasury bonds.
The US debt crisis stems from political disagreements over raising the debt ceiling to continue paying bills. While Democrats sought to raise taxes on the wealthy and protect entitlement programs, Republicans demanded deep spending cuts without tax increases. After bitter negotiations, Congress passed a last-minute deal to raise the debt ceiling in exchange for $917 billion in spending cuts over 10 years and a joint committee tasked with finding $1.5 trillion more in cuts. However, Standard & Poor's downgraded US credit for the first time, citing political dysfunction and rising debt. The crisis increased uncertainty and weakened the dollar.
This document provides information about the national debt of the United States from an organization called "Fix the Debt". It discusses that the current national debt is over $13 trillion and is projected to continue rising without action. It outlines some of the main causes of the debt as well as the effects, including higher costs of living and reduced ability to respond to future crises. It argues that reforms are needed to entitlement programs, taxes, and spending to put the debt on a sustainable long-term path.
The document analyzes debt levels across various sectors in the US economy following the 2008 financial crisis to determine if conditions are ripe for a sequel to the book and film "The Big Short." It finds that household, financial institution, corporate, and state/local government debt all improved significantly from crisis levels. While federal debt ballooned, interest payments remain a small percentage of spending for now. With debt trends healthier overall, the conditions that caused the crisis are unlikely to reoccur, so a sequel called "The Big Short 2" would lack a true story to be based on.
The document summarizes information about the national debt of the United States from the organization Fix the Debt. It discusses that the national debt is over $18 trillion and growing due to spending exceeding revenue in recent decades. It also notes that the debt levels threaten economic growth and flexibility and will require action to reduce the debt through tax and spending reforms.
America’s flourishing and diminishing economiesAlicia Madison
The economies of Midland and Odessa, Texas grew rapidly in 2013 due to high demand for oil production in the region. Local economies often rely heavily on one industry, and as long as that industry is booming the economy and jobs will grow quickly. While some cities contracted in 2013, the US economy is predicted to pick up in the coming years with growth rates of 2.7% in 2014 and 3.2% in 2015. The booming oil industry has caused a shortage of affordable housing and high rents in Midland-Odessa, as the population increases rapidly due to new jobs in oil fields. Other cities experiencing fast growth have also seen low unemployment rates.
1) Three billionaire donors who made fortunes in fossil fuels - David Koch, Paul Singer, and Charles Joyce - have given nearly half a million dollars to the New York Republican Party this year.
2) They have profited from dirty energy and funded climate denial efforts while blocking action on clean energy.
3) Now they are trying to influence Long Island elections by funding Republican politicians in order to ensure policies that continue benefiting fossil fuel industries at the expense of climate change action.
09 federal deficits and the national debtNepDevWiki
The national debt is the total amount owed by the federal government to holders of government securities. It has more than tripled since 1980 as a result of accumulating budget deficits. Approximately 17% of the debt is held by foreign entities, representing a burden as it transfers purchasing power overseas. Crowding out occurs when government borrowing to finance deficits causes interest rates to rise, reducing private sector consumption and investment.
This document discusses the subprime mortgage crisis and the crash of Lehman Brothers. It provides background on how the US economy emerged over the centuries and discusses key events like the creation of the Federal Reserve in 1913. It then explains how the subprime mortgage crisis began, with low interest rates in the early 2000s leading to a housing bubble. When interest rates rose and housing prices fell, many subprime borrowers defaulted on their loans. This caused losses for banks and investment firms like Lehman Brothers, which collapsed into bankruptcy in September 2008 and helped trigger a global financial crisis.
Presentation at Texas Christian University\'s AddRan Festival Of Undergraduate Scholarship and Creativity, April 2009 and winner of TCU\'s Economic Department Award to Best Presentation in Economics.
The US has been running large budget deficits for decades, putting its credit rating at risk. The national debt ceiling limits how much the government can borrow to fund its spending. In 2011, the US reached its debt ceiling which threatened its ability to pay its bills and led to a major political debate. Congress eventually passed legislation to raise the debt ceiling and reduce future spending. The high budget deficits and political disagreements over spending contributed to Standard and Poor's decision to downgrade the US credit rating.
Marianne Cohan NCPA iDebate Leadership Camp. The third quarter report discussing the Student Debate and Leadership Program, Retirement Reform, and the Health Care Debate.
Evaluating Sustainable Development in US Cities and States_finalpaper_Neil Joshi
US cities and states are pursuing sustainability initiatives to balance economic development, environmental protection, and social equity for current and future generations. However, achieving true sustainability is challenging given political and economic realities. While there is no national sustainability policy, many cities have developed their own plans to become more sustainable by 2030 by reducing waste, greenhouse gases, and sprawl, while improving transportation and creating green jobs. Meaningful progress requires inclusive civic engagement in developing and implementing sustainability goals and changing consumer attitudes and behaviors over the long term.
The introduction to Solutions for America highlights several key components of the document and discusses the role and necessity for change in America.
The residential and now commercial mortgage problem is still the biggest
issue facing the U.S. Economy. A year ago, I presented this Powerpoint
Slide show, "The Mortgage Mess" (see the attachment). It is very
interesting to see what has happened in the past almost 12 months.
* The situation has become worse, not better, in spite of throwing
hundreds of billions of dollars at the problem. The TARP funds were not
used as intended, and are being redirected for other purposes.
* The problem hasn't gone away. There will be as many foreclosures in the
next couple of years as have already occurred. One out of every seven
houses in the country is underwater: the home values are less than the
mortgages on the homes.
* Although the GDP shows some slight improvement, that is mostly due to
artificial stimulus, which cannot last.
* We are still losing 200,000 jobs every month; better than the 700,000
per month we were losing in the Spring, but still increasing nonetheless.
* Mark Zandi of Moody Economics has said within the last two days that
unemployment can be expected to peak at 10.6%; when counting in those who
have stopped looking and those who are underemployed (the engineer flipping
burgers), it is closer to 18% - 20%. Such unemployment rates cannot sustain
any solid economic recovery.
* The credit card bust is well underway. Whereas there were 400 million credit cards issued a year, now there are only 300 million in circulation,
and interest rates have increased significantly.
The document discusses the 2013 United States debt ceiling crisis. It provides background on the debt ceiling and defines it as the maximum amount of money the US can borrow. It describes the political debate between Republicans who wanted spending cuts in exchange for raising the debt ceiling, and Democrats who argued the ceiling should be raised without conditions. The crisis began in January 2013 and was temporarily resolved in October 2013 when Congress passed a bill to raise the debt ceiling until February 2014.
The shortfall in progress on the provision of affordable and clean energy for...Jeremy Leggett
A global progress report on the four sub-targets of SDG7, the extent to which the international community is behind the pace, and how this can be fixed, with emphasis on investment. A pictures-and-charts presentation to accompany a blog on Business Green.
- Despite the election of Donald Trump, global efforts to transition to a low-carbon economy are expected to continue as other countries have significant investments in climate action. However, the US may dismantle some environmental regulations and pull out of the Paris Agreement.
- Social inequalities in the US are likely to rise as Trump's tax reforms will disproportionately benefit the wealthy and plans for healthcare, education, and minimum wage are uncertain.
- While the federal government takes a step back, states, cities, and companies will continue driving solutions to reduce emissions and address climate change and social issues independently.
The Green New Deal for Livermore indivisible 04142019 Tony Green
The recent midterm elections resulted in the election of new members of congress. One of them, Alexandria Ocasio-Cortez has proposed what has been described as the Green New Deal modeled after the programs the government used in the 1930’s to pull the country out of the Great Depression. The goal of the groundbreaking legislation is to mitigate the effects of climate change while simultaneously creating a fair and just economy. Hear about what the New Green Deal proposes, why it is nothing new and what needs to happen for this legislation to become a reality.
The Wall Street-caused financial crisis and ongoing economic downturn have cost the American people an estimated $12.8 trillion so far. This includes actual losses in GDP as well as additional losses avoided through government spending and Federal Reserve actions. The crisis resulted in tens of millions of unemployed Americans, massive losses in household wealth totaling $19 trillion, and huge government bailouts and support programs. While the full costs are impossible to calculate, $12.8 trillion likely understates the true financial toll of the crisis on the US economy and its citizens.
This document is Prime Minister Kenny Anthony's address to the nation on Saint Lucia's fiscal challenges. He summarizes that the government is facing high deficits, debt levels, and unsustainable spending. While some measures have been taken to reduce the deficits, debt remains high at 73.6% of GDP. He argues that wages and salaries in the public sector, which account for 53% of recurrent spending, must be reduced to rein in expenditures and close the budget gap. However, critics argue that the Prime Minister's analysis ignores padding of figures and that expenditures would be better reduced by suspending untargeted social programs rather than cutting public sector wages.
The US debt crisis arose from a lack of economic growth following the 2008 financial crisis, leading to widening gaps between government outlays and revenues. By 2011, the debt exceeded $14 trillion and approached the debt ceiling, risking default. To address this, Congress agreed to raise the ceiling while implementing plans to increase taxes and cut over $1 trillion in spending. Currently, the US debt totals over $15 trillion and foreign countries like China and Japan own large portions, with China owning over $1 trillion in treasury bonds.
The US debt crisis stems from political disagreements over raising the debt ceiling to continue paying bills. While Democrats sought to raise taxes on the wealthy and protect entitlement programs, Republicans demanded deep spending cuts without tax increases. After bitter negotiations, Congress passed a last-minute deal to raise the debt ceiling in exchange for $917 billion in spending cuts over 10 years and a joint committee tasked with finding $1.5 trillion more in cuts. However, Standard & Poor's downgraded US credit for the first time, citing political dysfunction and rising debt. The crisis increased uncertainty and weakened the dollar.
This document provides information about the national debt of the United States from an organization called "Fix the Debt". It discusses that the current national debt is over $13 trillion and is projected to continue rising without action. It outlines some of the main causes of the debt as well as the effects, including higher costs of living and reduced ability to respond to future crises. It argues that reforms are needed to entitlement programs, taxes, and spending to put the debt on a sustainable long-term path.
The document analyzes debt levels across various sectors in the US economy following the 2008 financial crisis to determine if conditions are ripe for a sequel to the book and film "The Big Short." It finds that household, financial institution, corporate, and state/local government debt all improved significantly from crisis levels. While federal debt ballooned, interest payments remain a small percentage of spending for now. With debt trends healthier overall, the conditions that caused the crisis are unlikely to reoccur, so a sequel called "The Big Short 2" would lack a true story to be based on.
The document summarizes information about the national debt of the United States from the organization Fix the Debt. It discusses that the national debt is over $18 trillion and growing due to spending exceeding revenue in recent decades. It also notes that the debt levels threaten economic growth and flexibility and will require action to reduce the debt through tax and spending reforms.
America’s flourishing and diminishing economiesAlicia Madison
The economies of Midland and Odessa, Texas grew rapidly in 2013 due to high demand for oil production in the region. Local economies often rely heavily on one industry, and as long as that industry is booming the economy and jobs will grow quickly. While some cities contracted in 2013, the US economy is predicted to pick up in the coming years with growth rates of 2.7% in 2014 and 3.2% in 2015. The booming oil industry has caused a shortage of affordable housing and high rents in Midland-Odessa, as the population increases rapidly due to new jobs in oil fields. Other cities experiencing fast growth have also seen low unemployment rates.
1) Three billionaire donors who made fortunes in fossil fuels - David Koch, Paul Singer, and Charles Joyce - have given nearly half a million dollars to the New York Republican Party this year.
2) They have profited from dirty energy and funded climate denial efforts while blocking action on clean energy.
3) Now they are trying to influence Long Island elections by funding Republican politicians in order to ensure policies that continue benefiting fossil fuel industries at the expense of climate change action.
09 federal deficits and the national debtNepDevWiki
The national debt is the total amount owed by the federal government to holders of government securities. It has more than tripled since 1980 as a result of accumulating budget deficits. Approximately 17% of the debt is held by foreign entities, representing a burden as it transfers purchasing power overseas. Crowding out occurs when government borrowing to finance deficits causes interest rates to rise, reducing private sector consumption and investment.
This document discusses the subprime mortgage crisis and the crash of Lehman Brothers. It provides background on how the US economy emerged over the centuries and discusses key events like the creation of the Federal Reserve in 1913. It then explains how the subprime mortgage crisis began, with low interest rates in the early 2000s leading to a housing bubble. When interest rates rose and housing prices fell, many subprime borrowers defaulted on their loans. This caused losses for banks and investment firms like Lehman Brothers, which collapsed into bankruptcy in September 2008 and helped trigger a global financial crisis.
Presentation at Texas Christian University\'s AddRan Festival Of Undergraduate Scholarship and Creativity, April 2009 and winner of TCU\'s Economic Department Award to Best Presentation in Economics.
The US has been running large budget deficits for decades, putting its credit rating at risk. The national debt ceiling limits how much the government can borrow to fund its spending. In 2011, the US reached its debt ceiling which threatened its ability to pay its bills and led to a major political debate. Congress eventually passed legislation to raise the debt ceiling and reduce future spending. The high budget deficits and political disagreements over spending contributed to Standard and Poor's decision to downgrade the US credit rating.
Marianne Cohan NCPA iDebate Leadership Camp. The third quarter report discussing the Student Debate and Leadership Program, Retirement Reform, and the Health Care Debate.
Evaluating Sustainable Development in US Cities and States_finalpaper_Neil Joshi
US cities and states are pursuing sustainability initiatives to balance economic development, environmental protection, and social equity for current and future generations. However, achieving true sustainability is challenging given political and economic realities. While there is no national sustainability policy, many cities have developed their own plans to become more sustainable by 2030 by reducing waste, greenhouse gases, and sprawl, while improving transportation and creating green jobs. Meaningful progress requires inclusive civic engagement in developing and implementing sustainability goals and changing consumer attitudes and behaviors over the long term.
The introduction to Solutions for America highlights several key components of the document and discusses the role and necessity for change in America.
The residential and now commercial mortgage problem is still the biggest
issue facing the U.S. Economy. A year ago, I presented this Powerpoint
Slide show, "The Mortgage Mess" (see the attachment). It is very
interesting to see what has happened in the past almost 12 months.
* The situation has become worse, not better, in spite of throwing
hundreds of billions of dollars at the problem. The TARP funds were not
used as intended, and are being redirected for other purposes.
* The problem hasn't gone away. There will be as many foreclosures in the
next couple of years as have already occurred. One out of every seven
houses in the country is underwater: the home values are less than the
mortgages on the homes.
* Although the GDP shows some slight improvement, that is mostly due to
artificial stimulus, which cannot last.
* We are still losing 200,000 jobs every month; better than the 700,000
per month we were losing in the Spring, but still increasing nonetheless.
* Mark Zandi of Moody Economics has said within the last two days that
unemployment can be expected to peak at 10.6%; when counting in those who
have stopped looking and those who are underemployed (the engineer flipping
burgers), it is closer to 18% - 20%. Such unemployment rates cannot sustain
any solid economic recovery.
* The credit card bust is well underway. Whereas there were 400 million credit cards issued a year, now there are only 300 million in circulation,
and interest rates have increased significantly.
The document discusses the 2013 United States debt ceiling crisis. It provides background on the debt ceiling and defines it as the maximum amount of money the US can borrow. It describes the political debate between Republicans who wanted spending cuts in exchange for raising the debt ceiling, and Democrats who argued the ceiling should be raised without conditions. The crisis began in January 2013 and was temporarily resolved in October 2013 when Congress passed a bill to raise the debt ceiling until February 2014.
The shortfall in progress on the provision of affordable and clean energy for...Jeremy Leggett
A global progress report on the four sub-targets of SDG7, the extent to which the international community is behind the pace, and how this can be fixed, with emphasis on investment. A pictures-and-charts presentation to accompany a blog on Business Green.
- Despite the election of Donald Trump, global efforts to transition to a low-carbon economy are expected to continue as other countries have significant investments in climate action. However, the US may dismantle some environmental regulations and pull out of the Paris Agreement.
- Social inequalities in the US are likely to rise as Trump's tax reforms will disproportionately benefit the wealthy and plans for healthcare, education, and minimum wage are uncertain.
- While the federal government takes a step back, states, cities, and companies will continue driving solutions to reduce emissions and address climate change and social issues independently.
The Green New Deal for Livermore indivisible 04142019 Tony Green
The recent midterm elections resulted in the election of new members of congress. One of them, Alexandria Ocasio-Cortez has proposed what has been described as the Green New Deal modeled after the programs the government used in the 1930’s to pull the country out of the Great Depression. The goal of the groundbreaking legislation is to mitigate the effects of climate change while simultaneously creating a fair and just economy. Hear about what the New Green Deal proposes, why it is nothing new and what needs to happen for this legislation to become a reality.
ECO105Y Micro Op-Ed Exemplars 2016-2017
1
1
Much Ado About Nothing:
Rabid Reactionaries and Environmentalist Extremists Lash Out over PM Trudeau’s
Altogether Lacklustre National Carbon Strategy.
Prime Minister Trudeau's comments in the House of Commons early last October concerning a
national carbon strategy sparked perhaps the greatest drama in recent Canadian politics.
Provincial environment ministers very publically, and somewhat melodramatically, walked out of
negotiations with Ottawa saying they were being subverted and strong-armed. Since then, the
slinging of proverbial muck has only grown more intense, especially after the PM finally used the
dreaded word “tax.” Scandalous. What critics from the left and right fail to understand is that
carbon pricing is premised on basic economic concepts of negative externalities and
internalization. Carbon pricing will not pull the rug out from under the Canadian economy. And
what government would pursue policies that would self-sabotage?
If we could all tone down the political rhetoric, we can attempt to premise this debate on facts.
Industrial activity and pollution will always have negative repercussions for society. The cost of
cleaning up environmental messes and the additional burden to health-care systems are negative
externalities of pollution. Negative externalities are costs which stem from a lack of defined
ownership concerning common goods, in this case the environment. There have been no
mechanisms for ensuring that individuals pay their fair portion of environmental damage as no
individual can claim ownership over the environment. Until now, that is. The entire point of carbon
pricing mechanisms is to divvy up those costs and impose, or internalize, them onto polluters so
that society is not left with the bill.
The method of carbon pricing suggested by Trudeau is an emissions tax. Ideally, the price per
tonne of emissions set by the tax equals the cost of the negative externalities of pollution.
Trudeau's plan only begins to reflect the full cost, beginning at 10$ per tonne to 50$ in 2022. This
is where radical environmentalists believe Trudeau is being too weak. Alternatively, provinces can
implement a cap and trade system. This mechanism creates a market for emissions in which the
government auctions permits for producers to pollute, with the total amount of emissions allowed
by the permits equal to the province’s emissions target. Some environmentalists disapprove of
this because selling “permission” to pollute is unseemly to them.
Brad Wall, the firebrand premier of Saskatchewan, epitomizes the conservative stance. He
argues that carbon pricing hinders business and growth while rendering Canada uncompetitive in
the world market. This is quite exaggerated. The tax only seeks to reflect the true costs of doing
business, which most people would agree the businesses themselves should pay. If carbon
pricing ju ...
The document discusses climate policy in Canada, which primarily uses voluntary programs rather than pricing emissions. This stems from fears over economic impacts. However, voluntary programs alone do not prevent emissions increases. The Harper government withdrew Canada from the Kyoto Protocol and generally opposed climate policies. In contrast, the current Trudeau government shows differences in its more proactive approach to tackling climate change. A political change in government can impact policy approaches to important issues.
Discussion on the Paris Climate Accord (3) latestManan Desai
The document discusses the Paris Climate Accord, including its key goals, criticisms, and opposing views among politicians in the US presidential election. The accord aims to limit global warming to well below 2°C by reducing greenhouse gas emissions to net zero. It established a $100 billion annual climate finance goal and transparency requirements. However, it relies on voluntary country commitments and lacks enforcement mechanisms. Critics argue this makes the targets uncertain and accountability weak. Hillary Clinton supports the deal while Donald Trump plans to withdraw the US from the agreement, viewing it as bad for business.
Prof. Lawrence Haddad, Director of the Institute of Development Studies, Sussex, UK talks about how President Elect Obama may affect international development
Comments ( add 5) So in what other ways do these budgetary structu.docxclarebernice
Comments ( add 5) So in what other ways do these budgetary structures lead to situations like the debt ceiling and the debates about it? Any thoughts?
Response one pol-06
Recently, the U.S. experienced a government shutdown. Although it was for only a short period of time, the shutdown resulted in consequential disruptions of key services and facility closures, as well the temporary furlough of countless Federal Government employees. The government shutdown was the result of a political impasse in Congress, where the Republican majority did not have sufficient votes in the U.S. Senate to garner the 60 votes required to pass the budget resolution. It passed the House of Representatives with the required votes.
Senate Republicans and Democrats reached a probable compromise related to defense spending, border protection spending and protection for Deferred Action for Child Arrivals (DACA) aliens, with the Republicans focused on the two former and the Democrats focused on the latter. Initially, a bi-partisan Senate agreement was struck, but the President rejected the deal causing the political parties to return to impasse. In this instance, Congress had reached a compromise, but the Executive Branch, specifically the President, chose not to accept the compromise causing the deal to collapse, resulting in the shutdown. Within 72 hours following the shutdown, another compromise was struck to pass a continuing spending resolution to temporarily fund the Federal Government until February 8, 2018, upon which another vote would be required. Partisan politics hard-lines, or hyper-partisanship, significantly reduce paths to compromise and it is the American people who suffer in the end.
Interestingly, however, partisan political positions can reverse over time due to changing circumstances. In 2011 and 2013 during the Obama Administration, Congressional Democrats wanted to raise the U.S. debt ceiling to preclude the national debt from surpassing the limit set by law. When the national debt reaches the debt ceiling, and when expenses exceed revenues, the U.S. Treasury cannot increase its borrowing; it may only fund expense for which there is sufficient available cash. 1 The Republicans, wishing to reduce government spending, and who also held the majority in Congress, opposed increasing the debt ceiling to further their own political agenda to cut government spending. 2 In 2013, Republicans used their vote for the debt ceiling to negotiate entitlement reform impacting the Affordable Care Act 3. President Obama responded by saying that he is not going to “negotiate on jeopardizing the full faith and credit of the United States.”2 The impasse resulted in a lapse in funding and a government shutdown. Ultimately, Republicans succeeded in reducing government spending, but they were unsuccessful in their attempts to cripple the Affordable Care Act. 2
Fast forward to 2018, and the tables are turned. With Republicans in control of both the White House a ...
BUS626 Week 3 - Discussion Forum 2ResponsesGuided Response .docxfelicidaddinwoodie
BUS626 Week 3 - Discussion Forum 2
Responses
Guided Response: In your response, take the opposing view of the original post regarding national debt. Respond to at least two of your fellow students’ and to your instructor’s posts in a substantive manner and provide information or concepts that they may not have considered. Each response should have a minimum of 100 words. Support your opposing view by using information from the week’s readings. You are encouraged to post your required replies earlier in the week to promote more meaningful and interactive discourse in this discussion forum.
Below are two classmates with discussion that need response. They are Lisa Schreiner and Jason Stack
Lisa Schreiner
A deficit is the gap when spending exceeds budget. A surplus is the gap when budget exceeds spending. The debt is an accumulation of deficits less surpluses over time. The large and increasing national debt is definitely an issue we should be concerned about. Persistent increases in debt could lead the US to a failed economy with low credit ratings from Moody’s, and a call on loans we cannot pay. During a recession, the deficit (debt overall) will increase as the US borrows funds to cover the spending gap. During an expansion, the US should decrease spending producing a surplus to lower the overall debt. In recent years, the economy has been running in expansion mode, but yet the government continues to spend, increasing the deficit and debt. This is not a sustainable practice. According to the Committee for a Responsible Federal Budget (2018), “Running large deficits when the economy is already strong means that any boost provided to the economy will be temporary, and may put unnecessary upward pressure on inflation and interest rates. Running permanent deficits means that they will increasingly hurt investment and growth over time. They cannot simply be waited out. Rising deficits are largely driven by the increasing cost of interest and health and retirement programs, which are caused by rising health care prices and an aging population. Yet even with these factors, deficits were on course to decline over the next couple years before Congress enacted fiscally irresponsible tax cuts and spending hikes” (para. 12-13).
John Tamny views the national debt as a give and take, noting we are better off to have the government spending less with some debt than the government spending more and having no debt. John discusses limiting the government’s control on spending and investing into the private sector, generating technological advances and innovation to grow the economy (Tamny, 2020). After reviewing several articles and watching videos in the recommended reading section for the week, I agree, this is an issue and controlling government spending is part of the process. There are four programs consuming a significant portion of government spending: Social Security, Medicare, Medicaid, and ObamaCare. According to PragerU (2014), “to cut spendi.
150 word to each part response follow up . Due 9pm 12 1816 Part1.docxLyndonPelletier761
150 word to each part response follow up . Due 9pm 12 /18/16
Part1
There are many concerns that are brought to the forefront when you discuss the U.S. energy policy and three of those are according to Yacobucci (2016) “…assuring a secure supply of energy, keeping energy cost low, and protecting the environment.” By assuring a supply of energy this is referring to not eliminating one component of America’s consumption of energy while bolstering another. As a nation we want to be independent from the oil from the Middle East, but we cannot simply cut off our intake until there are programs in place to ensure that our economy will not collapse. This ties into keeping energy costs low, as long as there are multiple different means of energy they will drive the prices lower for each other in competition. While switching to an all renewable energy source would be the best for the environment and global warming, it is something that will take decades to accomplish.
There are many merits and risks associated with renewable energy and making it a priority when it comes to the U.S. energy policy. Currently we are largely dependent on foreign oil to sustain our intake of gasoline/diesel for our vehicles. Along with being dependent upon other nations we are also digging into resources that take thousands of years to make instead of using the resources that are around us and will not end. These renewable resources are solar, wind, and hydrologic. If we used these instead to heat our homes, light the streets, and fuel our vehicles not only would we cut down extremely on emissions we would become dependent of other countries. The merits of such a program would be easy to spell out and the risks are evident as well. The number one “risk” is the risk of losing jobs that are already created and destabilizing countries that are reliant on our intake of oil. By increasing our renewable energy sources, we would create thousands of jobs putting the infrastructure into our nation and by having to maintain it. This risk, which sounds like a pro, is associated as a risk because of lobbyists and big business that are relying on increasing the price as we deplete a resource that does have a measurable end to it. That one risk is the reason that renewable energy is not being developed whole heartedly, with proper sanctions and taxes we could be dependent on renewable energy within 20 years.
Part2
Globalization
is a process of interaction and integration among the people, companies and governments of different
nations, a process driven by international trade and investment and aided by information technology.
(
Globalization
org 2016)
Some of the major concerns that occur when it comes to US
energy
policy are security, which is the safety in the prevention of future needs. People fear that environmental
deterioration
will affect present and future
generations
.
, Efficiency, a regulated industry and certain economic activities can be restricted or prohibited.
Terkait dengan krisis global yang terjadi IPS (Institute for Policy
Studies) mengeluarkan satu study yang mempublikasi tentang perbandingan
dana yang dikeluarkan oleh pemerintah AS dan negara-negara eropa untuk
menyelamatkan financial firms dengan dana yang dikeluarkan untuk
mengatasi perubahan iklim
Remarks at the IDFC meeting Paris 31 March 2015Dr Lendy Spires
The UN Assistant Secretary-General outlined the UN Secretary-General's strategy for mobilizing climate finance ahead of the Paris climate negotiations in December 2015. The strategy focuses on delivering five essential elements: 1) Developed countries providing $100B annually by 2020, 2) The Green Climate Fund approving projects and disbursing funds, 3) Support for economic drivers of low-carbon growth, 4) Delivery of private sector finance commitments from the 2014 UN Climate Summit, and 5) A finance package for least developed and small island developing states. The Assistant Secretary-General urged representatives of development finance institutions to show leadership in moving the world to a low-carbon, climate-resilient economy.
Similar to Report: Senate Outlook on United States International Strategy on Climate Change in Paris 2015 (11)
The document summarizes five key facts about the recovery of US shale oil production:
1) Rig counts have increased by 90% since bottoming out in May 2016 and are up 30% year-over-year, signaling increased drilling and production capacity.
2) While decline rates remain steep, production profiles have increased substantially due to technological advances, meaning aggregate supply will be stronger.
3) Preliminary data shows that net new shale supply turned positive in December 2016 for the first time since March 2015, recovering just 7 months after rig counts increased.
4) Increased drilling activity is supported by a large stock of drilled but uncompleted wells, demonstrating the recovery and expansion of the shale sector.
5)
Quarterly legislative action update: Marcellus and Utica shale region (4Q16)Marcellus Drilling News
A quarterly update from the legal beagles at global law firm Norton Rose Fulbright. A quarterly legislative action update for the second quarter of 2016 looking at previously laws acted upon, and new laws introduced, affecting the oil and gas industry in Pennsylvania, Ohio and West Virginia.
An update from Spectra Energy on their proposed $3 billion project to connect four existing pipeline systems to flow more Marcellus/Utica gas to New England. In short, Spectra has put the project on pause until mid-2017 while it attempts to get new customers signed.
A letter from Rover Pipeline to the Federal Energy Regulatory Commission requesting the agency issue the final certificate that will allow Rover to begin tree-clearing and construction of the 511-mile pipeline through Pennsylvania, West Virginia, Ohio and Michigan. If the certificate is delayed beyond the end of 2016, it will delay the project an extra year due to tree-clearing restrictions (to accommodate federally-protected bats).
DOE Order Granting Elba Island LNG Right to Export to Non-FTA CountriesMarcellus Drilling News
An order issued by the U.S. Dept. of Energy that allows the Elba Island LNG export facility to export LNG to countries with no free trade agreement with the U.S. Countries like Japan and India have no FTA with our country (i.e. friendly countries)--so this is good news indeed. Although the facility would have operated by sending LNG to FTA countries, this order opens the market much wider.
A study released in December 2016 by the London School of Economics, titled "On the Comparative Advantage of U.S. Manufacturing: Evidence from the Shale Gas Revolution." While America has enough shale gas to export plenty of it, exporting it is not as economic as exporting oil due to the elaborate processes to liquefy and regassify natural gas--therefore a lot of the gas stays right here at home, making the U.S. one of (if not the) cheapest places on the planet to establish manufacturing plants, especially for manufacturers that use natural gas and NGLs (natural gas liquids). Therefore, manufacturing, especially in the petrochemical sector, is ramping back up in the U.S. For every two jobs created by fracking, another one job is created in the manufacturing sector.
Letter From 24 States Asking Trump & Congress to Withdraw the Unlawful Clean ...Marcellus Drilling News
A letter from the attorneys general from 24 of the states opposed to the Obama Clean Power Plan to President-Elect Trump, RINO Senate Majority Leader Mitch McConnel and RINO House Speaker Paul Ryan. The letter asks Trump to dump the CPP on Day One when he takes office, and asks Congress to adopt legislation to prevent the EPA from such an egregious overreach ever again.
Report: New U.S. Power Costs: by County, with Environmental ExternalitiesMarcellus Drilling News
Natural gas and wind are the lowest-cost technology options for new electricity generation across much of the U.S. when cost, public health impacts and environmental effects are considered. So says this new research paper released by The University of Texas at Austin. Researchers assessed multiple generation technologies including coal, natural gas, solar, wind and nuclear. Their findings are depicted in a series of maps illustrating the cost of each generation technology on a county-by-county basis throughout the U.S.
Annual report issued by the U.S. Energy Information Administration showing oil and natural gas proved reserves, in this case for 2015. These reports are issued almost a year after the period for which they report. This report shows proved reserves for natural gas dropped by 64.5 trillion cubic feet (Tcf), or 16.6%. U.S. crude oil and lease condensate proved reserves also decreased--from 39.9 billion barrels to 35.2 billion barrels (down 11.8%) in 2015. Proved reserves are calculated on a number of factors, including price.
The document is a report from the U.S. Energy Information Administration analyzing oil and gas production from seven regions in the U.S. It includes charts and tables showing historical and projected production levels of oil and gas from each region from 2008 to 2017, as well as metrics like the average production per rig. The regions - Bakken, Eagle Ford, Haynesville, Marcellus, Niobrara, Permian, and Utica - accounted for 92% of domestic oil production growth and all domestic natural gas production growth from 2011-2014.
Velocys is the manufacturer of gas-to-liquids (GTL) plants that convert natural gas (a hyrdocarbon) into other hydrocarbons, like diesel fuel, gasoline, and even waxes. This PowerPoint presentation lays out the Velocys plan to get the company growing. GTL plants have not (so far) taken off in the U.S. Velocys hopes to change that. They specialize in small GTL plants.
PA DEP Revised Permit for Natural Gas Compression Stations, Processing Plants...Marcellus Drilling News
In January 2016, Gov. Wolf announced the DEP would revise its current general permit (GP-5) to update the permitting requirements for sources at natural gas compression, processing, and transmission facilities. This is the revised GP-5.
PA DEP Permit for Unconventional NatGas Well Site Operations and Remote Piggi...Marcellus Drilling News
In January 2016, PA Gov. Wolf announced the Dept. of Environmental Protection would develop a general permit for sources at new or modified unconventional well sites and remote pigging stations (GP-5A). This is the proposed permit.
Onerous new regulations for the Pennsylvania Marcellus Shale industry proposed by the state Dept. of Environmental Protection. The new regs will, according to the DEP, help PA reduce so-called fugitive methane emissions and some types of air pollution (VOCs). This is liberal Gov. Tom Wolf's way of addressing mythical man-made global warming.
The monthly Short-Term Energy Outlook (STEO) from the U.S. Energy Information Administration for December 2016. This issue makes a couple of key points re natural gas: (1) EIA predicts that natural gas production in the U.S. for 2016 will see a healthy decline over 2015 levels--1.3 billion cubic feet per day (Bcf/d) less in 2016. That's the first annual production decline since 2005! (2) The EIA predicts the average price for natural gas at the benchmark Henry Hub will climb from $2.49/Mcf (thousand cubic feet) in 2016 to a whopping $3.27/Mcf in 2017. Why the jump? Growing domestic natural gas consumption, along with higher pipeline exports to Mexico and liquefied natural gas exports.
This document provides an overview of the natural gas market in the Northeast United States, including New England, New York, New Jersey, and Pennsylvania. It details statistics on gas customers, consumption, infrastructure like pipelines and storage, and production. A key point is that the development of the Marcellus Shale in Pennsylvania has significantly increased domestic gas production in the region and reduced its reliance on other supply basins and imports.
The Pennsylvania Public Utility Commission responded to each point raised in a draft copy of the PA Auditor General's audit of how Act 13 impact fee money, raised from Marcellus Shale drillers, gets spent by local municipalities. The PUC says it's not their job to monitor how the money gets spent, only in how much is raised and distributed.
Pennsylvania Public Utility Commission Act 13/Impact Fees Audit by PA Auditor...Marcellus Drilling News
A biased look at how 60% of impact fees raised from PA's shale drilling are spent, by the anti-drilling PA Auditor General. He chose to ignore an audit of 40% of the impact fees, which go to Harrisburg and disappear into the black hole of Harrisburg spending. The Auditor General claims, without basis in fact, that up to 24% of the funds are spent on items not allowed under the Act 13 law.
The final report from the Pennsylvania Dept. of Environmental Protection that finds, after several years of testing, no elevated levels of radiation from acid mine drainage coming from the Clyde Mine, flowing into Ten Mile Creek. Radical anti-drillers tried to smear the Marcellus industry with false claims of illegal wastewater dumping into the mine, with further claims of elevated radiation levels in the creek. After years of testing, the DEP found those allegations to be false.
FERC Order Denying Stay of Kinder Morgan's Broad Run Expansion ProjectMarcellus Drilling News
The Federal Energy Regulatory Commission denied a request to stay the authorization of Tennessee Gas Pipeline Company's Broad Run Expansion Project. The Commission found that the intervenors requesting the stay did not demonstrate they would suffer irreparable harm if the project proceeded. Specifically, the Commission determined that the environmental impacts to forest and a nearby animal rehabilitation center would be insignificant. Additionally, conditioning authorization on future permits did not improperly encroach on state authority. Therefore, justice did not require granting a stay.
Essential Tools for Modern PR Business .pptxPragencyuk
Discover the essential tools and strategies for modern PR business success. Learn how to craft compelling news releases, leverage press release sites and news wires, stay updated with PR news, and integrate effective PR practices to enhance your brand's visibility and credibility. Elevate your PR efforts with our comprehensive guide.
Youngest c m in India- Pema Khandu BiographyVoterMood
Pema Khandu, born on August 21, 1979, is an Indian politician and the Chief Minister of Arunachal Pradesh. He is the son of former Chief Minister of Arunachal Pradesh, Dorjee Khandu. Pema Khandu assumed office as the Chief Minister in July 2016, making him one of the youngest Chief Ministers in India at that time.
Here is Gabe Whitley's response to my defamation lawsuit for him calling me a rapist and perjurer in court documents.
You have to read it to believe it, but after you read it, you won't believe it. And I included eight examples of defamatory statements/
13062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
Report: Senate Outlook on United States International Strategy on Climate Change in Paris 2015
1. December 2015
Subcommittee on Multilateral International Development, Multilateral
Institutions, and International Economic, Energy, and Environmental Policy
Senator John Barrasso, M.D.
Chairman,
A New Report on President Obama’s Plan to Bypass Congress
and Transfer American Taxpayer Funds Overseas
Senate Outlook on
United States International Strategy
on Climate Change in Paris 2015
2. 1
Executive Summary:
On November 30, the United Nations climate change conference convened in Paris. President
Obama is supporting an effort to bypass Congress and agree to a climate deal that will give
money to developing nations to help them deal with the effects of climate change. Such an
agreement will surrender American sovereignty and bind the American people to greenhouse gas
reductions that will cost jobs at home. This agreement will be based on American reductions in
greenhouse gasses based on Environmental Protection Agency (EPA) power plant regulations
that are facing significant legal scrutiny and are opposed by a bipartisan majority in Congress.
Developing nations are anxious to get U.S. taxpayer dollars, which are widely seen as the
linchpin of any climate deal. The reality is that these funds are likely to end up lining the
pockets of government officials in economically disadvantaged countries.
The Obama administration needs to understand that Congress does not support this pay-to-play
promise. Congress should respond by rejecting the president’s budget request for these funds
and insisting that any deal President Obama signs – whether it is called a “treaty” or an
“agreement” – be subject to congressional approval.
Findings:
The president is forcing American taxpayers to pay for past economic success
through his contributions to the Green Climate Fund.
The president and foreign nations in Paris plan to bypass Congress to reach a
climate change deal thus eliminating the voice of the American people who are
opposed to his climate change policies.
The president is demonstrating failed leadership as he is making false promises to
foreign countries about his capability to meet his greenhouse gas reduction targets.
By undermining American sovereignty and binding the American people to targets
and timetables for greenhouse gas reduction targets in Paris, the president is
threatening jobs, industries and communities at home.
3. 2
The UN Green Climate Slush Fund: Forcing American Taxpayers to
Pay for Past Economic Success
Many developing nations believe that developed countries owe them a climate debt because
developed nations are responsible for the majority of “carbon pollution” in the atmosphere. This
claim is that carbon pollution is causing man-made global warming, and is responsible for sea
level rise and extreme weather affecting developing nations today. As a result, developed
nations have agreed to put billions of dollars into a Green Climate Fund to help developing
nations adapt to the changing climate.
This fund is essentially a giant wealth transfer from developed nations to developing nations.
Giving billions to developing nations in the name of climate change is a significant misuse of
U.S. taxpayer dollars given our nation’s current fiscal debt, aging infrastructure and addressing
security threats overseas. Special Envoy for Climate Change at the State Department Todd Stern
even admitted the dire U.S. fiscal situation with regard to providing taxpayer funds to developing
nations for climate change, stating on October 22, 2013, that-
“Now the hard reality: no step change in overall levels of public funding from developed
countries is likely to come anytime soon. The fiscal reality of the United States and other
developed countries is not going to allow it. This is not just a matter of the recent
financial crisis; it is structural, based on the huge obligations we face from aging
populations and other pressing needs for infrastructure, education, health care and the
like. We must and will strive to keep increasing our climate finance, but it is important
that all of us see the world as it is.”
Despite these realities, the president committed U.S. taxpayers to send billions of dollars to
developing nations in the name of climate change.
Penalizing Americans for past economic success - In 2014, President Obama made his
intention clear to send billions of U.S. taxpayer dollars overseas in the name of climate change.
On the White House website promoting the president’s climate change plan, the website states-
4. 3
“In 2014, the president announced the U.S.'s intention to contribute $3 billion to the
Green Climate Fund to cut carbon pollution and strengthen developing countries'
resilience. This helped increase other countries’ contributions, and propel the fund's
initial capitalization over $10 billion.”
The administration’s reason for putting U.S. taxpayers “on the hook” for paying $3 billion
dollars is due to America’s past history of building our nation and growing our economy using
fossil fuels. In a speech on November 15, 2014, announcing the $3 billion pledge, the president
stated before the University of Queensland (Australia) students and faculty that-
“And you’ll recall at the beginning I said the United States and Australia has a lot in
common. Well, one of the things we have in common is we produce a lot of carbon. Part
of it’s this legacy of wide-open spaces and the frontier mentality, and this incredible
abundance of resources. And so, historically, we have not been the most energy-efficient
of nations, which means we’ve got to step up.”
U.S. taxpayers could pay even more in Paris - In 2009, then-Secretary of State Hillary Clinton
pledged, on behalf of this administration, public and private financing from the U.S. and other
countries for a climate fund that would reach $100 billion a year during the UN Climate Change
Conference in Copenhagen.
Although that funding level has not yet been reached, developing states, including China,
continue to demand more from U.S. taxpayers beyond the $3 billion pledge. Su Wei, the
Chinese chief climate negotiator, stated at the 2014 UN Lima Conference that the funding level
for the Green Climate Fund was "far from adequate."
Ahmed Sareer, a Maldivian diplomat, stated his frustration with developed nations not pledging
more in funding for developing nations during the UN Lima climate change conference. He
stated in a December 12, 2014 Guardian article entitled “Lima climate summit extended as poor
countries demand more from rich” that -
“There has been a clear commitment of $100bn a year but how are we really being
offered? Even when they make those pledges how do we know how much is going to
materialise? There is no point of knowing that behind the wall there is a big source of
funds available unless we can reach it.”
In the same article, an Indian diplomat bluntly stated that the funding level being provided by
developing nations such as the U.S. was “ridiculously low.” In order to reach a global agreement
among the developing nations as well as China and India, it is likely that more U.S. taxpayer
funds will need to be given away to developing countries to get them to approve of the deal.
U.S. current economic situation argues against foreign climate funding - The current U.S.
debt stands at more than $18 trillion. According to the United States Department of Labor in
October 2015, there were 7.9 million Americans out of work. This is not including the
Americans who have stopped looking for work. Rather than spend billions on climate assistance
5. 4
to developing nations, the U.S. could be working on other serious domestic issues to address
unemployment and get the economy moving forward.
President Obama himself described the significant problems facing our nation’s infrastructure,
which is vital to the U.S. economy, in a speech on May 14, 2014, at the Tappan Zee Bridge in
New York saying-
“We’ve got ports that aren’t ready for the next generation of cargo ships. We’ve got
more than 100,000 bridges that are old enough to qualify for Medicare. We’ve got leaky
pipes that lose billions of gallons of drinking water every single day, even as we’ve got a
severe drought in much of the West. Nearly half our people don’t have access to transit
at all. And I don’t have to tell you what some of our airports look like.”
Rather than spend billions of U.S. taxpayer dollars on climate assistance, it would make more
sense to spend funds on addressing the very problems the president has spelled out.
6. 5
Bypassing Congress: Eliminating the Voice of the American People
In Paris, the administration is planning to commit the United States to an international agreement
that will dramatically impact the American economy while bypassing the United States Congress
and the American people. Congress has not authorized the negotiations or agreed to support any
agreement that comes from the Paris negotiations. The administration has expressed no need or
intention to bring the deal before Congress. Any deal with the international community to lower
global and U.S. emissions must come before the United States Senate for advice and consent in
order to be legally binding and last longer than this administration.
The Obama administration has shown a repeated pattern of circumventing the approval of
Congress and the American people on important issues facing our nation. President Obama
declared that the Iran nuclear agreement was a non-binding arrangement. Since the
administration knew it couldn’t get the Iran nuclear deal through Congress as a treaty, the
administration chose to pursue a non-binding agreement because it did not require congressional
approval.
Now, President Obama’s administration is calling the international climate agreement a
“politically binding” deal instead of a treaty in order to avoid the constitutional requirement of
advice and consent of the United States Senate. The United States Constitution grants the
American people a say in these important agreements through their elected representatives and
that right must be protected.
Eroding the United States Constitution’s system of checks and balances – President Obama
is attempting to cede the legislative powers of the Congress to a group of foreign diplomats
attending an international conference. The framers of the Constitution established a process of
making important agreements the law of the land that balances the powers of the legislative
branch, executive branch and judicial branch. The Constitution requires the president to obtain
the advice and consent of the Senate prior to a treaty becoming the law of our nation. In order to
ratify a treaty, the Senate must approve a resolution of ratification by a two–thirds vote.
7. 6
Just like the Kyoto Protocol and the United Nations Framework Convention on Climate Change
(UNFCCC), any agreement that commits our nation to targets or timetables must go through the
process established by the founders of our Constitution. During the Senate consideration of the
UNFCCC, officials in the George H.W. Bush administration committed that any future
agreement containing specific greenhouse gas emission targets and timetable would need to take
the form of a treaty and be submitted to the Senate for advice and consent to ratification. In
1992, an administration official explained-
“Question. Will protocols to the convention be submitted to the Senate for its advice and
consent?...
Answer. With respect to protocols, given that a protocol could be adopted on any number
of subjects, treatment of any given protocol would depend on its subject matter.
However, we would expect that any protocol would be submitted to the Senate for its
advice and consent…
Question. Would a protocol containing targets and timetables be submitted to the
Senate?
Answer. If such a protocol were negotiated and adopted, and the United States wished to
become a party, we would expect such a protocol to be submitted to the Senate.
Question. Will amendments to the convention be submitted to the Senate for its advice
and consent?
Answer. We would expect amendments to be submitted to the Senate. However, should
there be an amendment which we did not believe would require Senate advice and
consent, we would consult with the Senate prior such a determination.”
A new agreement that contains specific targets or timetables for greenhouse gas emission
reductions would impose new obligations on nations. Such an agreement would be required to
take the form of a treaty, which must be ratified by the president with the advice and consent of
the Senate. In 1992, the Senate Committee on Foreign Relations addressed this issue in its
committee report on the UNFCCC stating-
“The committee notes that a decision by the Conference of the Parties to adopt targets
and timetables would have to be submitted to the Senate for its advice and consent before
the United States could deposit its instruments of ratification for such an agreement. The
committee notes further that a decision by the executive branch to reinterpret the
Convention to apply legally binding targets and timetables for reducing emissions of
greenhouse gases to the United States would alter the ‘shared understanding’of the
Convention between the Senate and the executive branch and would therefore require the
Senate’s advice and consent.”
Maneuvering and scheming to avoid Congress and the American people - As a way to avoid
congressional advice and consent, the Obama administration claims that certain agreements do
not rise to the level of a treaty. Secretary Kerry explained how the administration makes these
decisions when he was asked at a Congressional hearing why the Iran nuclear deal was not
considered a treaty. He stated-
8. 7
“Well Congressman, I spent quite a few years ago trying to get a lot of treaties through
the United States Senate. And frankly, it’s become physically impossible. That’s why.
Because you can’t pass a treaty anymore…And I sat there leading the charge on the
Disabilities Treaty which fell to, basically, ideology, and politics. So I think that’s the
reason why.”
It is clear that the administration is using the same strategy on this agreement. At the climate
change conference in Bonn, Germany, in June 2015, the French Foreign Minister Laurent Fabius
explained that the Paris Protocol needed to be drafted in a way to avoid the approval of
Congress. He said-
“We must find a formula which is valuable for everybody and valuable for the U.S.
without going to the Congress.”
He also said-
“(W)e know the politics in the U.S. Whether we like it or not, if it comes to the Congress,
they will refuse.”
Setting a dangerous precedent for future agreements - The Obama administration’s efforts to
evade Congress sets a dangerous precedent for future agreements. During testimony before the
Senate Committee on Environment and Public Works on July 8, 2015, Professor Jeremy Rabkin
discussed the impact on future international agreements as a result of the administration’s
attempt to cobble together authorities while bypassing Congress. He testified-
“Under the claim of extending a small number of specialized or exceptional precedents,
it would establish a new precedent in which the general way we make international
agreements would be fundamentally changed – not simply at the margin or on the edges
of policy but on the largest and most complex international agreements we undertake.”
9. 8
False Promises and Failed Leadership: The President’s Plan Won’t
Work
In November 2014, President Obama pledged to reduce U.S. net greenhouse gases by 26 percent
to 28 percent by 2025, based on the 2005 level. On March 31, 2015, President Obama submitted
an Intended Nationally Determined Contribution (INDC) to the United Nations Framework
Convention on Climate Change (UNFCCC) committing to a specific U.S. reduction. Upon
review of the administration’s INDC, a significant gap has emerged demonstrating that President
Obama is unable to achieve his commitment.
The administration should not be making pledges and commitments to the international
community that it is unable to keep. President Obama’s false promises and failed leadership
diminish the standing of the United States in the international community.
President Obama cannot meet his climate commitment - The administration claims that it
will reach its INDC reductions and targets through current U.S. law without any action from
Congress. White House Senior Advisor Brian Deese made this point during a White House press
briefing on the U.S. INDC by stating-
“The structure is grounded in an assessment of the potential to reduce emissions through
our obligation under existing laws — these are laws that have already been passed by
Congress and therefore no new legislation is necessary to realize the reductions we
propose.”
During a Senate Environment and Public Works committee hearing on July 8, 2015, experts
testified that even under the best of circumstances it was unclear how the president could make
good on his specific commitments to reduce greenhouse gas emissions. Former chief climate
counsel of the Sierra Club, David Bookbinder, testified at the hearing about how the numbers do
not add up, explaining in his written testimony that-
“Regrettably, the measures listed in the INDC do not appear to get us there; in fact,
using what I believe are very generous assumptions, the U.S. will be at least 29% (and
probably more) short of the 2025 goal.”
10. 9
He also testified that-
“This is arithmetic, it is nothing but arithmetic. The INDC submission lists a series of
regulatory measures and says we can get 26 percent from below 2005 by 2025. All I did
was take a look at each of those measures, take the maximum amount of emissions
reductions from each of those measures as described by the EPA or by the Department of
Energy or to the best of my ability and my partners’ ability… We all say that these listed
measures get us between 68,70,75 percent of what we need, depending on how you treat
those numbers.”
Jeff Holmstead, former head of the U.S. Environmental Protection Agency (EPA) Office of Air
and Radiation, also raised concerns about the ability to get to President Obama’s pledge. He
stated-
“Despite requests from various outside observers, including a researcher from the
Congressional Research Service, the Administration has refused to provide anything to
disclose how it intends to meet its commitment –or even to show that a 26% reduction is
plausible under existing law.”
The U.S. Chamber of Commerce found that the president’s INDC contains a 45 percent gap in
achieving its commitment. It explained-
“Not only is this goal completely unrealistic, jeopardizing our energy advantage with
potentially ruinous consequences for the economy and employment. The administration
also has failed to tally how the programs mention, however briefly, in its INDC will
achieve it. And little wonder, because once you crunch the numbers, it’s clear they don’t
add up, leaving nearly one-third of the president’s total goal unexplained.”
“Even with these fairly generous estimates, these measures, which include some
programs that haven’t even been announced yet, would fall about 800 MMTCO2, or
45%, short of the president’s goal.”
Not legally binding on the next U.S. president, the United States, or the international
community - With President Obama’s term ending in January 2017, the certainty about any
commitment made by the United States in Paris will be very short term, as it can be terminated
by the next president of the United States. A non-binding agreement completed without the
approval of Congress and the American people does not provide any barrier for a future U.S.
president to simply walk away from the agreement.
The same holds true for the other countries signing on to a non-binding, political agreement in
Paris. If the agreement is deemed a non-binding political commitment, there is nothing requiring
these countries to follow through on their financial or environmental commitments. They are
under no legal requirements to follow through with their promises. In addition, there would be
no enforcement measure to compel the United States or any other country to keep their
commitments.
11. 10
Undermining American Sovereignty: Threats to American Jobs,
Industries and Communities
If President Obama agrees to a deal to limit U.S. emissions, it could lead to the creation of other
international entities, such as an international climate court. These entities could be used by the
international community to hold American businesses and communities accountable from how
they heat their homes to what American products can be exported without penalty.
The American economy was built on affordable, reliable energy and many sectors of the U.S.
economy emit large amounts of carbon that would now all be under threat. According to the
Environmental Protection Agency (EPA), these sectors include the agricultural, energy,
transportation, commercial and residential industries.
Subjecting the U.S. economy to foreign authority – The administration has not addressed the
threat that a Paris climate accord could cause to the American economy by potentially
relinquishing authority to international entities and tribunals.
Professor Jeremy Rabkin testified on July 8, 2015, before the Senate Environment and Public
Works Committee that any agreement reached in Paris would not simply be a bilateral
agreement, or a “gentlemen’s agreement,” such as the Atlantic Charter agreement between
President Roosevelt and Prime Minister Winston Churchill. Instead, he states that such an
agreement in Paris would likely include much more, including-
“(R)egularly scheduled public conferences of the nations subscribing to this agreement,
along with various international administrative organs, established in the treaty, perhaps
even a new, specialized international tribunal.”
Rabkin is not alone in this assessment. Chris Horner with the Competitive Enterprise Institute
wrote a column in the Washington Times on March 8, 2015, titled “The Coming Climate Court:
The proposed Paris agreement is another reach for global power.” In it, he highlights a key
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proposal included in the text of the negotiating document that will be debated and considered as
part of the Paris conference. He states-
“This text agreed to for negotiation by the federal government includes a remarkable
proposal. Buried deep inside, it proposes an ‘International Climate Justice Tribunal in
order to oversee, control and sanction the fulfilment [sic] of and compliance with the
obligations of Annex I and Annex II Parties under this agreement and the [1992
UNFCCC climate treaty].’ Translated, this means that even if the Obama administration
refuses to call the Paris agreement a treaty, as it already telegraphed its position: A new
climate court would hold us to its terms — even the terms of a prior, ‘voluntary’
agreement.”
American jobs under threat – The impact that a climate court or international climate tribunal
could have on the U.S. economy would be profound. Rabkin alluded to the sweeping economic
impacts this agreement might have when he stated-
“And the Paris Protocol will not just deal with troops stationed abroad or recognition of
foreign governments – the traditional stuff of diplomacy – but with major aspects of
energy production and transportation within the United States, engaging some of the
most intrusive federal regulatory programs at home.”
According to the EPA, the top sectors of the U.S. economy in terms of greenhouse emissions (in
2013) are as follows:
The EPA has proposed - and the signers of the Kyoto Protocol have already adopted - climate
restrictions on energy and car companies that burn fossil fuel. However, the international
community has already adopted restrictions on other sources of emissions that may be on the
table in Paris. For example, the European Union has gone after the airline industry with
restrictions, and is intent on pushing the international community, including the U.S., to abide by
such restrictions in the future. The European Union Commission website states-
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“Aviation is one of the fastest-growing sources of greenhouse gas emissions. The
European Union is taking action to reduce aviation emissions in Europe and working
with the international community to develop measures with global reach.”
The question remains how many jobs could be lost in the aviation industry in the U.S. if it’s
subjected to an international climate tribunal and they imposed taxes on our exports? How
would an international climate court treat U.S. ranchers who produce and export beef, especially
when the U.N.’s then-top climate official, Dr. Rajendra Pachauri, stated in 2008-
“The UN Food and Agriculture Organization (FAO) has estimated that direct emissions
from meat production account for about 18% of the world's total greenhouse gas
emissions. So I want to highlight the fact that among options for mitigating climate
change, changing diets is something one should consider."
All U.S. industries and workers should be wary of how they would fare under such a Paris
accord if this administration gives up American sovereignty to foreign diplomats.
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Conclusion:
President Obama very much wants a climate agreement, and is willing to pay dearly to get it.
Other countries know this, and will gladly vote for any deal that agrees to transfer money to
them.
Congress has never authorized funding for the Green Climate Fund. While the executive branch
and Congress both play an important role in the foreign policy of our nation, Congress ultimately
holds the power of the purse.
President Obama and his negotiators in Paris need to be forthcoming with their counterparts
representing developing nations about the views of members of Congress. They should provide
these nations with the full picture of where a co-equal U.S. branch of government stands on these
issues.
The Obama administration also needs to be forthcoming about the unrealistic emissions targets
they have proposed – and the legal challenges these regulations will face.
Congress should not allow any deal that undermines U.S. sovereignty or commits American
taxpayer dollars to go to the Green Climate Fund until any international climate agreement is
submitted to the Senate for its constitutional advice and consent.