When the U.N. climate-change talks convene in Paris next week, the risks will be high for American taxpayers. President Obama wants a climate deal and is willing to pay dearly to get it. The inevitable outcome is a plan with unproven benefits and unreachable goals, but very real costs. It will be up to Congress to check the president’s ambition of committing the U.S. to an international green scheme that will produce little or no return.
The ostensible goal of the Paris talks (Nov. 30-Dec. 11) is to convince countries to commit to enacting laws that reduce carbon emissions. That fits President Obama’s vision of a world without fossil fuels such as coal, oil and natural gas. The American people oppose these policies, but the president has shown himself determined to circumvent Congress.
The Obama administration has already imposed burdensome regulations—for instance, the sprawling Clean Power Plan aimed at wiping out the coal industry—that will raise the cost of energy and put hundreds of thousands of Americans out of work. Now the president wants his negotiators to use these international climate talks to pile on more restrictions.