Remember when Joe Biden told President Obama that ACA was a BFD? Well, this climate agreement with China is another! Behind the scenes these two countries have been working on an agreement to curb carbon emissions for over nine months. Each country has pledged to work on carbon emission cutting into the near future. The United States will continue its emission reduction 26-28% below 2005 levels through 2025. China is committing to getting 20% of its energy from non-fossil sources by 2030. China is looking to the future by investing in expanding its renewable energy capacity. Already China has 9.8% of its energy coming from renewable and nuclear energy.
The Natural Resources Defense Council is encouraged by this agreement and says that it sends a powerful message to other countries throughout the world. http://thinkprogress.org/climate/2014/11/12/3591284/us-china-climate-deal/
Obviously, this is a major blow to coal producers and their investors. Now, India, the third largest importer of coal has announced plans to halt imports of coal within the next three years. http://thinkprogress.org/climate/2014/11/12/3591511/china-us-climate-deal-big-coal/?utm_medium=twitter&utm_source=twitterfeed
I am glad that I support a President that does not discount climate change and in fact, is actively trying to do something about it. We Democrats need to be shouting this far and wide. This is a BFD!
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