By Stephen Moore ~
President Barack Obama and Chinese President Xi Jinping. (Photo: Newscom)
That sound you’re hearing from across the Pacific is the Chinese rulers and Beijing laughing at us.
President Obama and the “green” lobby actually think China is going to honor the new U.S.-China climate-change agreement that pushes both nations to reduce greenhouse-gas emissions over the next 15 years.
China agreed to a “target” of deriving 20 percent of its energy needs from renewable resources “around” 2030. In exchange, Obama agreed that American families and businesses will aim to reduce carbon-dioxide emissions by at least 26 percent by 2025 from 2005 levels.
This is not a planet-saving climate-change pact. Rather, this plan represents unilateral economic disarmament by the United States as Beijing continues its quest to replace America as the globe’s economic superpower.
Raising China’s energy prices by transitioning to highly inefficient forms of electricity production conflicts…