Biden strikes agreement with China to shut down fossil fuels

Joe Biden

U.S. and China’s Green Energy Pact Sparks Economic and Security Concerns

The United States and China, two of the world’s largest greenhouse gas emitters, have agreed to shift away from fossil fuel production to green energy sources. This pact, announced by the State Department, involves a mutual commitment to replace coal, oil, and gas with wind and solar power. Furthermore, the nations aim to amplify renewable energy deployment in their economies by 2030 and enhance policy exchanges to reduce carbon emissions in various sectors.

This agreement has raised alarms among U.S. energy experts over its economic and national security implications. Critics argue that China, which dominates the global green energy supply chain, stands to benefit financially. Daniel Turner, founder of Power The Future, expressed concerns over the deal, suggesting it assures China a consistent market for its manufacturing sector while questioning China’s commitment to upholding its part of the agreement.

The pact includes advancing five large-scale carbon capture, utilization, and storage projects by 2030, a technology still in its infancy and costly. This development came during meetings between Special Presidential Envoy for Climate John Kerry and Chinese Special Envoy for Climate Change Xie Zhenhua in California.

Marlo Lewis, a senior fellow at the Competitive Enterprise Institute, criticized the agreement for potentially leading the U.S. towards central planning models similar to Beijing’s. He doubts the pact’s effectiveness in addressing climate change, pointing to potential bureaucratic and political manipulations.

The U.S. remains the largest global producer of oil and gas, essential for various industries. Conversely, China has established dominance in the green energy market. The International Energy Agency reports that China produces a significant portion of lithium-ion batteries and other critical components for electric vehicles (EVs). Additionally, China maintains control over key minerals like lithium, cobalt, and graphite, crucial for EV batteries and other green technologies.

The agreement has also drawn attention for potentially aiding China’s economic expansion and influence in global markets, including solar panel manufacturing and mineral production. Critics like Will Hild of Consumers’ Research argue that the Biden administration prioritizes climate policies over American energy independence, raising concerns over national security and economic stability.

While China continues to expand its green energy capabilities, it also leads in coal power expansion, contradicting its environmental commitments. Critics like Steve Milloy of the Energy & Environment Legal Institute and Jason Isaac of The American Energy Institute question China’s sincerity in adhering to international climate agreements, highlighting the potential economic and security disadvantages for the U.S.

As debates continue over the pact’s implications, the White House has yet to comment on these concerns.

What are your thoughts? Comment below…

3 Replies to “Biden strikes agreement with China to shut down fossil fuels

  1. Biden continues his trek to destroy America. We are supposed to do away with our energy sources so China can overtake us. They manufacture all the wind turbines blades and most solar panels. This is the most disgusting (among millions of other) things that Biden has tried to do to us. He must be out of power soon.

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