Congress finds the following:
(1)
The United States is a world leader in addressing climate change risks through private sector-led innovation and technological advancement.
(2)
The United States Energy Information Administration estimates that United States energy-related carbon dioxide emissions, since peaking in 2007, have declined by an average of 1.3 percent per year, starting well before the United States became a party to the Paris Agreement. This decline brought greenhouse gas emissions to their lowest levels since 1992.
(3)
Nuclear energy accounts for nine of the ten highest-generating power plants in the United States, and produces one-third the carbon dioxide emissions of current solar technologies.
(4)
According to the International Energy Agency (IEA), in terms of carbon dioxide emissions, the United States has conducted “the largest absolute decline among all countries since 2000”.
(5)
President Obama unilaterally joined the Paris Agreement without involving Congress, without consulting outside stakeholders such as energy companies, and without conducting a cost-benefit analysis, including an analysis of how a United States nationally determined contribution (NDC) would impact competitiveness with countries like the People’s Republic of China (PRC) that threaten United States national and economic security.
(6)
A report prepared by NERA Economic Consulting in 2017 found that meeting the commitments President Obama made as part of the Paris Agreement could reduce the United States gross domestic product by $250,000,000,000 and eliminate 2,700,000 jobs by 2025.
(7)
Despite being the world’s second largest economy, the PRC was permitted to be classified as a “developing country” for purposes of the Paris Agreement and abused this classification when making its NDC under the Paris Agreement.
(8)
The PRC is the world’s largest emitter of greenhouse gases, and according to the NDC submitted by the Chinese Communist Party, it will continue raising emissions until 2030.
(9)
On September 22, 2020, CCP General Secretary Xi Jinping announced his intention for China to become carbon neutral by 2060, a full decade later than the 2050 target date committed to by other major economies.
(10)
According to the IEA, coal-fired power plants were the single largest emitter of carbon dioxide in 2018. China has dedicated over $50,000,000,000 through the Belt and Road Initiative to developing coal projects across 150 countries in the past seven years, signaling a lack of genuine intent to combat climate change.
(11)
During Paris negotiations, then-Secretary of State John Kerry acknowledged that even if all the developed world, which in this context does not include China, cut carbon dioxide emissions to zero, it would not offset the emissions coming from the rest of the globe.