The moment to be wariest of political enthusiasms is precisely when elite opinion is all lined up on one side. So it is with the weekend agreement out of Paris on climate policy, which President Obama declared with his familiar modesty “can be a turning point for the world” and is “the best chance we have to save the one planet that we’ve got.”
Forgive us for looking through the legacy smoke, but if climate change really does imperil the Earth, and we doubt it does, nothing coming out of a gaggle of governments and the United Nations will save it. What will help is human invention and the entrepreneurial spirit. To the extent the Paris accord increases political control over human and natural resources, it will make the world poorer and technological progress less likely.
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The climate confab’s self-described political success is rooted in a conceit and a bribe. The conceit is that the terms of the agreement will have some tangible impact on global temperatures. The big breakthrough is supposed to be that for the first time developing and developed countries have committed to reducing carbon emissions. But the commitments by these nations are voluntary with no enforcement mechanism.