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Historic Hype Over Global Warming Agreement With China; CO2 vs. Death-by-Pollution

by Mike “Mish” Shedlock
MISH’S Global Economic Trend Analysis

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

  1. President Obama pledged to cut US carbon emissions by 26-28% of 2005 levels by 2025
  2. China agreed to cap its emissions by 2030 (earlier if possible, but no guarantees)
  3. China will expand zero-emission sources to 20% by 2030.

Is this a good deal? For whom?

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