Climate Change Policy

Myth vs Reality

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U.S. UK Italy Ukraine Spain Japan France Germany Greece Belgium Romania Uzbekistan Denmark

CO2 Emissions Reductions, 2005-2017 (unit: Gt) Source: Global Carbon Atlas

Myth: America is behind - we need more government.

Fact: The United States has led the world in reducing carbon emissions.

We have reduced more than the next 12 emission reducing countries combined.

“In the last 10 years, the emissions reduction in the United States has been the largest in the history of energy… This is a huge decline of emissions.” Dr. Fatih Birol, Executive Director, IEA Feb. 28, 2019

U.S. Leads World:

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Waxman-Markey Emissions vs. Actual & Projected (Million Metric Tons CO2); Source: EIA

Actual Waxman-Markey Basic Projected

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Total U.S. Energy Expenditures ($ per household); Source: EIA

Actual Projected w Waxman-Markey Projected w/o Waxman-Markey

Innovation and market-based GOP policies have massively reduced emissions and energy costs.

Innovation vs. Regulation: Only One Reduces Emissions AND Lowers Costs

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Myth: China is a global leader and a model for America.

Fact: China is undermining global efforts to address climate change to the praise of Democrats.

Under Paris, China plans to increase its emissions by another 50%.

Since 2005, for every ton of carbon reduced by the U.S., China increased its emissions by over 4.

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Japan Germany Canada Mexico SouthAfrica

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Top 15 CO2 Emitters

Territorial CO2 Emissions: Absolute Growth (2005-2017) Source: Global Carbon Atlas

And Paris makes it worse!

CO2 Emissions Growth Under Paris (2005 – 2030)

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Paris = Pollution

Opposing cleaner U.S. fossil production is supporting dirtier Russian and Iranian

fossil fuels5

Myth: You can solve climate if you just keep U.S. fossil fuels in the ground. Fact: You can’t solve climate without U.S. fossil fuels.

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• Russian natural gas exports to China have 47 percent

higher lifecycle GHG emissions than US LNG exports to China. Source: NETL, 2019.

• Russian natural gas exports to Europe have 41 percent

higher lifecycle GHG emissions than US LNG exports to Europe. Source: NETL, 2019.

• On average, Chinese coal mines emit 33 percent more methane than the average U.S. mine. Source: EIA, 2014.

• U.S. oil production achieves high scores relative to many of its competitors when life cycle GHG emissions are considered. Source: Carnegie Endowment for International Peace, 2015.

U.S. Energy: Economic Security; National Security;

Key to Reducing Global Emissions

No Regrets Policies

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Innovation and accelerated overseas deployment of clean and affordable

technologies

Land, agriculture, and conservation policies that sequester emissions

and bolster rural economies

Promotion of cleaner, more efficient fossil fuels to meet global demand

Policies that allow States to develop programs specific to their own

circumstances

Increase U.S. competitiveness and grow our manufacturing base

Maintain U.S. emissions-reducing leadership without killing jobs

Endorse smart, effective adaptation polices that save taxpayers’ money

Enhance U.S. national security and economic security

GOP CLIMATE PRIORITIES

Carbon

Capture

Clean

Energy Conservation

Leader McCarthy Package NO Carbon Taxes and NO New Burdensome

Regulations

Phase I = Rolled Out Feb. 12; Phase II and III =

Coming soon