Energy plan to risk global climate goals
4 days, 15 hours ago

Energy plan to risk global climate goals

China Daily  

Are lower gasoline prices a good thing or a bad thing? "We should expect expanded US production to reduce oil and gas prices globally," Ross McKitrick, professor of economics at the University of Guelph, told China Daily. "Lower prices could benefit consumers but might also discourage investments in renewable energy; carbon dioxide emissions are likely to grow unless natural gas displaces coal use in some regions," he added. "If US trading partners like Canada impose stricter greenhouse gas regulations, we would risk losing competitiveness in trade," he said. From an international perspective, McKitrick said: "If the US pulls out of the Paris Agreement, … It would serve to undermine global climate action and perhaps embolden other countries to ease up on their commitments.

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