Even though Obama’s Cap and Trade schemes have failed to pass several times here in the United States, it appears the President is now getting ready to strike back at his detractors.
According to Bloomberg Business, the Obama administration is planning to force the U.S. into helping create and participate in a new international carbon market in order to hasten the transition to a carbon free economy:
“Eighteen nations including the U.S., Japan and Germany will work together to develop international carbon markets to help speed the pace of emission reductions under the Paris climate deal struck Saturday, according to the New Zealand government.
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The nations will develop standards and guidelines to ensure trading of carbon credits has environmental integrity, according to a statement sent by Jonathan Franklin, spokesman for Tim Groser, New Zealand’s climate and trade minister.Saturday’s deal by envoys from more than 190 countries gathered in Paris allows cooperation between nations to meet emission-limitation pledges. It also creates a new market to promote sustainable development, speeding carbon cuts by state entities and private companies. China plans to create the world’s biggest carbon market by 2017, about double the size of 10-year old European program, currently the largest. China and India aren’t part of the 18-nation group.”
Even though the Obama administration is using the new U.N. COP 21 agreement as the reason for participating in this newest carbon trading scheme, it is clearly just a flimsy excuse to yet again do an end run around the American people since the U.N. agreement is non-binding and therefore not legally enforceable.
Once again, this is just another example of how The President of the United States is under some dark delusion that he is indeed… an Emperor.