Biden’s Coming China Headache: Climate Change And “Developing Countries”

Reposted from Forbes

By Tilak Doshi,

A Biden presidency, which now seems most likely, will have plenty on its foreign policy plate, ranging from relations with Russia, China and Europe to the Iran question in the Middle East. But it is likely that global climate change policy, especially in relation to China’s position in it, will be among the most contentious challenges it will face in international diplomacy.

If we are slated for a Biden presidency, we will get the most climate change-conscious administrations in US history. The climate agenda has been elevated to a “whole of government” approach, straddling the key portfolios of national security, foreign policy, and economy and finance. From January 20th 2021,  “fighting global warming” will be elevated to a primary concern of the vast US government bureaucracies  ranging from the EPA and the Federal Reserve to the Pentagon and the State Department.  A Biden administration would “use every tool of American foreign policy to push the rest of the world to raise their ambitions alongside with the US” and it would “pursue strong measures” to stop other countries from cheating on their climate commitments.     

The “Grand Bargain” of Paris

No doubt a future Biden presidency would seek to emulate the  lauded bargain between Obama and China’s President Xi that set the foundations of the non-binding Paris Agreement. The 2015 agreement was hailed as ex-President Obama’s “breakthrough” understanding with China that the latter too would join in the global effort to cut emissions. In a move welcomed by European leaders, Biden has vowed that the US would re-join the Paris climate accord on his first day in the White House in January. It will seek to reverse President Trump’s formal withdrawal notice from the Paris Agreement issued in November 2019.

To steer this vision — an example of an enlightened , “lead from behind” multilateral approach in concert with Europe —  Biden has appointed the aristocratic Europhile John Kerry to a Cabinet-level role as “climate tsar”. Kerry oversaw the negotiations that led to the Paris Agreement and signed the accord on the behalf of the US in 2016 as ex-President Obama’s Secretary of State (2013 – 2017). As “special presidential envoy for climate”, Kerry does not require Senate confirmation. He has vowed that under his watch “America will soon have a government that treats the climate crisis as the urgent national security threat it is”.

To the proponents of “climate crisis”, a Biden-Xi collaboration is an opportunity to set the terms for meaningful global cooperation on climate change policies. For the more hard headed diplomats — not least China’s ‘wolf warriors’ – more at home reading Machiavelli’s The Prince than Obama’s latest bestseller A Promised Land,  the hopes of a US-China ‘grand bargain’ will seem naïve.

The celebrated Paris Agreement was only so much of smoke and mirrors as far as China’s practitioners of strategic statecraft were concerned. For Obama’s end of the bargain, his administration unleashed such punitive measures on US’s own economic interests as the Clean Power Plan and the Waters Of The US Act by Executive Orders (since the Paris Agreement was conveniently not a “treaty” requiring an impossible Senate approval). At Xi’s end, China promised to peak its emissions by 2030 at a level and a rate of subsequent decline that were not specified.

Nor were Chinese planners unaware that research showed that China’s commitment to peak by 2030 was actually less ambitious than continuing business as usual, that the country’s emissions would have peaked by then anyway whatever it did (or not). Meanwhile, signing the agreement did not stop China from approving 23 gigawatts of new coal-power projects the first half of 2020, more than the previous two years combined. Note that China had commissioned more coal power capacity than the rest of the world combined in those two years.  

The Developing Country Position

From the earliest UN negotiations starting in 1994 under the Framework Convention on Climate Change (UNFCCC), China firmly and consistently played the ‘Third World’ position. Developing countries carried “common but differentiated responsibilities”. This meant that while developed countries (primarily the West, but also including Japan) adopted binding commitments to reduce carbon emissions by specified amounts, the developing countries not only did not have any binding policy commitments but were expected to receive considerable sums in “climate finance” to assist mitigating and adapting to climate change.

The BASIC group (Brazil, South Africa, India and China – the world’s four largest ‘developing countries’) formed a bloc in 2009 to act jointly at the Copenhagen climate summit, including a possible united walk-out if their “common minimum position” was not met by the developed nations. Effectively, the Kyoto Protocol, brought into force in 2005, became an exercise in massive international income distribution, as senior UN officials openly admitted.

To be sure, the ‘third world’ position is not necessarily a cynical one. The rationale behind the ‘developing country’ position is based on the reasonable grounds of equity and historical responsibility. Since the major portion of the stock of man-made greenhouse gases (GHGs) in the earth’s atmosphere is accounted for by the industrialised West, the developed countries should launch serious efforts to reduce their own emissions before calling upon the developing countries to contribute.

By the time Trump came into office in 2016, China was already the world’s largest emitter of GHGs by far. By then it was also long evident that it was a stretch to call China a ‘developing’ country in any meaningful sense. President Trump boiled over last year on China‘s “developing country” status: among his many tweets, “The WTO is BROKEN when the world’s RICHEST countries claim to be developing countries to avoid WTO rules and get special treatment. NO more!!!”

China’s emergence as an economic and military power challenging US dominance in Asia and beyond is a fact not denied even by the left wing of the US Democratic party. China is one of the prime movers of global commodity and financial markets. Its investments in the much hyped Belt and Road Initiative (BRI), often grossly inflated in the business press, have nevertheless grown into an extensive web of infrastructure construction and investments in over a hundred countries.

As a source of loans for deficit-ridden governments in Asia, the Middle East, Africa and Europe, China has emerged as the major competitor to the World Bank and the International Monetary Fund, the Washington-based pillars of the post-WWII economic international system. Indeed, David Malpass, whose appointment in 2019 as World Bank chief was supported by President Trump, was an outspoken critic of the World Bank’s loans to China (and India). Malpass quite rightly argued that these countries had become rich enough to tap global capital markets on reasonable terms.

China’s Red Line

If China is no more a ‘developing country’ with little responsibility in the West-led global “fight against climate change”, then just what can a Biden administration extract from the Chinese government in decarbonization commitments? China’s state planners are likely to have a keener appreciation for the laws of physics and economics in their assessments of decarbonization than their counterparts in the West who are busy pursuing a quixotic Green Industrial Revolution. They will insist on delivering to their people an Industrial Revolution first, of the sort enjoyed by the West since its birth over two centuries ago, before signing up to anything that might come in the way.

For President-for-life Mr. Xi, who does not have elections to contend with, it is a one-shot gamble on regime stability. It would be the height of folly to imagine that President Xi would turn to Rudyard Kipling’s bravado “If you can make one heap of all your winnings… And risk it on one turn of pitch-and-toss” in some kind of moral turn towards international cooperation with the climate crusaders in a Biden administration.  

Regime survival, China’s red line, is predicated on meeting the material aspirations of ordinary citizens, the only source of legitimacy afforded to unelected governments throughout history. China’s government fended off — with a mixture of confrontation and unstable interim agreements — President Trump’s explosive tariff diplomacy against China’s intellectual property theft, gaming of the WTO system and other US complaints. It will do so no less with the threats of border taxes on its carbon-intensive exports if that were to be John Kerry’s and his European allies’ stick in climate policy negotiations. 

To the Trump-voting “deplorables”, John Kerry is “that guy who’s hanging out in Europe enjoying it, talking about the climate and flying around on his private jet”. But it will be an aged President Biden who will be landed with a policy headache of monumental proportions if he is to handle climate change and China in no uncertain manner.

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Julian Flood
December 6, 2020 2:26 pm

UK current wind turbine contribution to the Grid 0.88%. Thank goodness the US is making the same mistakes.

Race you to the workhouse

JF

Robert of Ottawa
Reply to  Julian Flood
December 6, 2020 4:16 pm

What amazes me about the current Western political leaders (Trump excepted) is their absoulte lack of intellectual ability. Do they not understand that they cannot, at the same time, demand less electricity generation and the use of more electricity (in transport), without stepping outside the bounds of logic, let alone practicality or economic sense?

Lee L
Reply to  Robert of Ottawa
December 6, 2020 5:45 pm

My take on this is .. YES they DO UNDERSTAND. Ponder what that means.

Observer
Reply to  Lee L
December 6, 2020 6:45 pm

Indeed.

The average person in the West is using too many resources… at least as far as the Globalists are concerned.

But the “Great Reset” and “Green New Deals” will take care of that.

griff
Reply to  Julian Flood
December 7, 2020 2:14 am

Cherry picked result. Look at the contributions over the whole year and last year.

Rusty
Reply to  griff
December 7, 2020 7:27 am

Average contributions mean nothing. Peak power demand and capacity to provide it is everything. If peak power demand exceeds production the lights go out. If wind and solar power contribute nothing at a time when demand is high, then other sources of power must be relied upon.

At the moment I type this coal and gas are keeping UK lights on. Adding more solar and wind power wouldn’t make any difference today at 7pm when demand will be highest.

MarkW
Reply to  griff
December 7, 2020 10:05 am

This from the guy who wants to claim that records for individual months are all we need to be looking at?

markl
December 6, 2020 2:38 pm

China won’t be “handled”. They will continue doing as they please and couch it in appropriate words that sound like they are being proactive about CC and the compliant media will echo it. China views AGW as an opportunity to weaken their competition and enemies. The whole “developing countries get a pass” BS is Marxism at its’ finest.

Mr.
Reply to  markl
December 6, 2020 4:08 pm

Has been going on for decades.
The CCP handles the West likes mugs.
Which we are.

Mr.
December 6, 2020 2:46 pm

The CCP has been playing the UN and the West in general off a break since the lunacy of human CO2-caused global warming first took hold during a full moon back 30-something years ago.

Now that the CCP is just really starting to see the self-help benefits of their climate rationality vs the moronic “stop climate change” mindset of the West, does any thinking adult really conclude that the CCP is going to go “all the way with Johnnie K.”?

AntonyIndia
Reply to  Mr.
December 6, 2020 11:23 pm

Sure, but all based on PR China still being a “developing nation” at the WTO today. Some Western billionaires keep supporting that nonsense still, as it brought them huge stock price rises (not dividends).

David Kamakaris
December 6, 2020 2:58 pm

The Paris Climate Accord is the most aggregious and disgusting example of virtue signaling in the history of Eastern and Western Civilization. That John Kerry will be named Climate Fuhrer will ensure that it remains so.

Editor
December 6, 2020 3:00 pm

It doesn’t matter what Joe Biden says or does about China. His “climate” policy will simply hand everything to China.

glen ferrier
Reply to  Mike Jonas
December 6, 2020 7:11 pm

Mike: Joe Biden will NOT “hand everything to China”. He fully intends to skim a very healthy percentage off the top for his family and friends.

Cheers,

Speed

Tim Gorman
December 6, 2020 3:06 pm

China has the largest navy in the world today with over 350 warships and submarines. That navy was not built using wind and solar power. China is *growing* its navy by leaps and bounds while the US is losing naval assets, falling below 250 total.

China has a *military* (read national security) reason to continue building out its navy. It not only wants to dominate the world economy, it wants to dominate militarily as well. That simply cannot be accomplished using unreliable wind and solar assets to power its grid. China will never agree to any proposal which would limit its ability to power its climb toward world domination, not in 2030, not in 2050, not ever.

Biden, Kerry, Harris, etc simply do not have the moral courage to confront China in the manner Trump has. China will run over them like a squirrel in the road.

Rory Forbes
Reply to  Tim Gorman
December 6, 2020 3:58 pm

Biden, Kerry and Harris haven’t the combined brain power to process what you just wrote about China. Besides, they have no interest. Their only reason for being in politics is personal power and wealth.

MarkW
Reply to  Rory Forbes
December 6, 2020 6:47 pm

It’s not just personal power and wealth.
As Biden has demonstrated time and again, it’s also about passing power and wealth to friends and family members.

Mr.
Reply to  Tim Gorman
December 6, 2020 4:18 pm

Yup.
And China is increasingly positioning itself to claim that it has rights to “interests” (read: resources) in the Arctic regions.
And like Russia building a dozen or so nuclear powered super-icebreakers, China won’t be banking on the Arctic being ice-free any time in the near or distant future.
They’ll follow the realistic, pragmatic Ruskis and build some nuclear powered super-icebreakers.
Then all those Arctic countries will go crying to the UN over the Russo-Sino takeover of Arctic resources.
And the UN will do what the UN usually does to stand up to bullies –

Zig Zag Wanderer
December 6, 2020 3:08 pm

I still don’t get the ‘developing nation’ free pass to burn coal. Solar and wind are supposedly way cheaper than coal, and even gas. Shirley they could save money with solar and wind instead of coal?

Or have I possibly been lied to?

Izaak Walton
Reply to  Zig Zag Wanderer
December 6, 2020 3:39 pm

they have the right to pollute until their per capita emissions are the same as the USA’s. In 2017 the per capita emission in the USA was 16.2 tonnes of CO2 while in China it was just over 6. So China is allowed to almost triple their emissions. Everybody in the world is entitled to the same standard of living. Why is that hard to understand?

Mr.
Reply to  Izaak Walton
December 6, 2020 4:31 pm

“Everybody in the world is entitled to the same standard of living.”
Yes, Izaak, yes they are.
But more correctly, everybody is entitled to FREELY PURSUE the same standard of living.
Which means embracing free-market entrepreneurship and minimalist government.
The Chinese people have demonstrated for decades by emigrating all around the world that they embrace free-market entrepreneurship and minimalist government.
All they have to do is toss out the CCP at home, and FREELY PURSE the highest standards of living.

MarkW
Reply to  Mr.
December 6, 2020 6:51 pm

What Izaak is doing is betraying his communist roots.
Nobody is entitled to a standard of living. Period.
What everyone IS entitled to do is to work to improve their standard of living without the fruits of their labors being stolen by government in order to support people like Izaak who believe that they are entitled to other people’s support just because they managed to get born.

Tim Gorman
Reply to  MarkW
December 7, 2020 4:30 am

+100

Carlo, Monte
Reply to  MarkW
December 7, 2020 6:01 am

What Tim Gorman said.

Zig Zag Wanderer
Reply to  Izaak Walton
December 6, 2020 4:56 pm

they have the right to pollute until their per capita emissions are the same as the USA’s.

But they could save so much money by building much, much cheaper solar and wind! Why waste money building far more expensive coal and gas plants?

Or are you just deliberately missing my point? As I asked, have I been lied to?

Gary Pearse
Reply to  Izaak Walton
December 6, 2020 5:24 pm

Entitlement! A little too marxysparxy for me. The rest of the world are multi-fold beneficiaries of The Enlightenment, science and tech, the agricultural revolution, modern medicine, the economic miracle, a string of industrial revolutions, largess of the West in times of famine, disease, aid in disaster relief, recovery from the aftermath of wars – without lifting a hand. The smoke is therefore shared too. But then, I realize you see all of the above accomplishments of Western Civilization as sins to atone for.

Lee L
Reply to  Izaak Walton
December 6, 2020 5:54 pm

“they have the right to pollute until their per capita emissions are the same as the USA’s.”

Or what?

MarkW
Reply to  Izaak Walton
December 6, 2020 6:49 pm

Thank you for admitting that even you don’t believe the nonsense about CO2 controlling climate.

fred250
Reply to  Izaak Walton
December 6, 2020 9:07 pm

“Everybody in the world is entitled to the same standard of living.”

But WHY should the developed world REDUCE their standard of living in the mean time. !!

That is what is being FORCED onto countries by the socialist totalitarian agenda.

YOU aren’t prepared to lower YOUR access of all things created with CO2 based energy, are you Izzy!

Don’t come here and PRETEND that you are.

MarkW
Reply to  fred250
December 7, 2020 10:07 am

Because it’s just not fair that people who work hard should have a better standard of living compared to those who would rather not work.

Lartes
Reply to  Izaak Walton
December 7, 2020 1:50 am

So your plan is to have everyone in the world “enjoying” communism and equal redistribution of goods, meanwhile, “climate change” can wait. China already emits 34% of GLOBAL CO2 emissions, and in the next 10 YEARS, they plan to increase that. That’s right, new coal plants. According to Paris Treaty they can do that, while supposedly we have only 18 months until Earth dies.

This is why nobody intelligent is taking this drivel seriously. It just doesn’t make any sense except that it’s a deliberate plan to pauperize the West and prop up China at the same time. New Zealand announces climate emergency status while China will build more coal plants and take their CO2 emissions up many times (just look at their rate of increase, it is astronomical).

Oh, and nuclear is bad, despite not emitting any CO2. It’s just bad and immoral, trust me.

Right-Handed Shark
Reply to  Izaak Walton
December 7, 2020 7:18 am

Except that their ‘capita’ is four times that of the US. So according to you, they are ‘entitled’ to produce 4 x the emissions? Maybe if it were actually improving the common chinese person’s ‘standard of living’. Problem is, it’s not.

Rusty
Reply to  Izaak Walton
December 7, 2020 7:34 am

“Everybody in the world is entitled to the same standard of living.”

And what standard of living would that be? What we enjoy in Europe now or what our ancestors ‘enjoyed’ 500 years ago?

For most of human history the standard of living across the planet was roughly the same; nasty, brutish and short. Only our ability to mine and extract resources, in particular fossil fuels, has changed this in the last 100 years.

gringojay
Reply to  Zig Zag Wanderer
December 6, 2020 3:50 pm

Shirley doesn’t care anything about saving money. She is more into other things, or so I hear.

Meab
Reply to  Zig Zag Wanderer
December 6, 2020 4:22 pm

h/t “Airplane”

Surely there must be something you can do?

I’m doing everything I can, and stop calling me Shirley.

You have been lied to. I suspect that you know this, but the real cost of wind and solar includes the cost of reliable backup sources like natural gas (or coal on hot standby). Since wind and solar power production can go to zero (and sometime does), there must be 100% backup at a huge additional cost. The dishonest promoters of unreliable energy conveniently don’t account for this cost (and other costs).

griff
Reply to  Zig Zag Wanderer
December 7, 2020 2:17 am

Look at the huge investment in India in solar and in wind and the declining investment in coal and the lower use factors for Indian coal.

There is a huge trend toward renewables -but this is a massive amount of energy production to 1.1 billion people we are talking about here… enormous effort required to change direction.

Seriously, spend half an hour googling India solar and see the scale of this.

MarkW
Reply to  griff
December 7, 2020 10:10 am

A slight decrease in the rate of increase, in griff’s “mind” is always declared as a huge decrease in investment.

Climate believer
Reply to  griff
December 7, 2020 1:53 pm

India’s electricity distribution network is something to behold, I’ve seen tidier Spaghetti. Power cuts were fairly common when I was there, as were voltage fluctuations especially during the summer months.

comment image

Real problems with safe, reliable end of the line delivery out in the sticks.

I wish them well, I just hope they don’t add to their problems by going all in for unreliable energy.

Robert of Texas
December 6, 2020 3:24 pm

The Biden family has amassed huge wealth from China, and so the Biden’s will do whatever China wants. You will see all sorts of future promises they have no intention of keeping. Unfortunately, the Dims don’t seem to care about what China says verses what they actually do – maybe its all just too complex for them.

You will see fortunes being made by future Dim contributors, and by the corrupt politicians that are now empowered.

All Trump had to do is learn to shut up and stop twittering about 8 months ago, but he was too stupid to understand how obnoxious he comes across. In the realm of politics – image is everything. Policy just does not matter in a 4 year election cycle.

It would no longer surprise me to see politicians like AOC rolling in the wealth. The U.S. is now behaving like the banana republics of old. Just keep feeding the people propaganda and many if not most will just believe it.

I wonder if this is how a typical Roman felt before the fall? Not that I am defending them – they kept my ancestors as slaves…hmm…so maybe I am owed restitution for something that happened 1,500 years ago? Say at 3% inflation per year; that could amount to something.

Izaak Walton
Reply to  Robert of Texas
December 6, 2020 3:47 pm

Just how much wealth do you think Hon. Ocasio-Cortez is rolling around in? When she entered congress she had $7000 in savings and a $20000 college loan. Since then she has been paid the same as all members of congress which is $174000.

Damon
Reply to  Izaak Walton
December 6, 2020 5:55 pm

Interesting that the Congresswoman cannot afford to pay a tax bill on her failed business, or her student debt, while living in a luxury Washington apartment with a garbage disposal that she apparently does not know how to use.

Mr.
Reply to  Izaak Walton
December 6, 2020 6:10 pm

Izaak, like the Clintons and the Obamas, AOC won’t be REALLY RICH until after she’s not standing for election any more.
(Note that I didn’t say – “out of politics”, because the Clintons and Obamas are still totally involved in partisan politics).

The Bidens are REALLY RICH already, because after 47 years in the gig, the whole family got impatient to become REALLY RICH, and couldn’t wait until old Joe hung up his candidacy.

MarkW
Reply to  Mr.
December 6, 2020 6:57 pm

Insider trading is illegal, unless you are a representative or senator.

Mr.
Reply to  Mr.
December 6, 2020 7:31 pm

I forgot to include Al Gore.
(my excuse is that Al is eminently forgettable)

MarkW
Reply to  Izaak Walton
December 6, 2020 6:56 pm

I see Izaak actually believes that the only income people like AOC receive is from their government paychecks.

It’s not a coincidence that the net worth of Democrats explodes shortly after taking office.

Izaak Walton
Reply to  MarkW
December 6, 2020 10:19 pm

Mark,
You can download and read their finanical disclosure statements, unlike Trump who has refused to make his tax returns public.

Climate believer
Reply to  Izaak Walton
December 6, 2020 11:08 pm

Kinda ironic that a communist is running an internet clothes store?

https://shop.ocasiocortez.com/collections/green-new-deal

MarkW
Reply to  Izaak Walton
December 7, 2020 10:12 am

Once again, Izaak actually believes that everything is on the financial disclosure statements.
BTW, I have read them. They are so bland and generic as to be meaningless.
I really find it fascinating how communists spend all their time whining about how much money people they don’t like have, while completely ignoring the much, much larger fortunes being acquired by the billionaires that support them.

Tim Gorman
Reply to  Izaak Walton
December 7, 2020 11:12 am

Izaak,

Finanaical disclosures statements are *NOT* tax returns even though you are trying to conflate the two. Trump filed his financial disclosure statements just like AOC and Biden.

Vincent Causey
Reply to  Robert of Texas
December 6, 2020 11:47 pm

What has Trump’s tweets got to do with this? Unless you actually believe Biden won because he got more votes.

MarkW
Reply to  Vincent Causey
December 7, 2020 10:13 am

Given the level of corruption already found, how do you know he got more votes?

Regardless, it does not matter who got more votes. Never has.

John piccirilli
Reply to  Robert of Texas
December 7, 2020 3:01 am

His tweets had nothing to do with him supposedly losing, the election was rigged. Fact.

Doug
Reply to  John piccirilli
December 7, 2020 9:32 am

If we want to deal effectively with China, we’ll need some brilliant people in intelligence. The kind of people who could rig an election across 50 states, steal votes right out from under the nose of the incumbent party. Control the recounts, the courts, the media, and get away with stealing an election. The future is bright!

MarkW
Reply to  Doug
December 7, 2020 10:15 am

FIrst off, you don’t have to rig the election across all 50 states.
Secondly all you have to do is insert bogus votes at some point in the chain of possession and there is no cross checking within the system to detect the crime.

drh
Reply to  MarkW
December 8, 2020 11:04 am

And those insertions can easily happen in heavily Dem controlled precincts. In this election, probably only a half-dozen or so precincts were necessary.

Gordon A. Dressler
December 6, 2020 4:00 pm

When, oh when, will the United States or any other nation file a lawsuit in the International Court of Justice for reparations from China for damages directly related to their release, with obvious culpability, of COVID-19 out of Wuhan, China.

Gary Pearse
December 6, 2020 4:05 pm

“The rationale behind the ‘developing country’ position is based on the reasonable grounds of equity and historical responsibility.”

I beg to differ on the underlying premise. The West’s Enlightenment, science, modern medicine, agricultural revolution, string of industrial revolutions, the keys to economic development and open doors for education to the world is a multi- millionfold transfer of benefit that underwrites any perceived debt on equity grounds. All this was made available by industriousness and risk-taking under a form of governance that permitted free thinking, private property ownership and free enterprise. Let’s let alone development assistance, humanitarian aid for a plethora of famines, natural disasters and the aftermath of wars and pestilence.

Ironically, the above is now a list of sins that a malignant homegrown тоталiтaгiаи left wants us to atone for. This makes it possible to couch it all as “reasonable grounds of equity and historical responsibility.” Self immolation of Europe would appear to be well advanced. Woe to the entire world if the USA is brought down. Disclaimer: I am not American.

Robert of Ottawa
December 6, 2020 4:12 pm

It won’t be contentious at all. The US media won’t mention any discrepency with Biden’s Green deal destroying the US economy in the name of CO2 and the the Chinese love of CO2. Biden will do as he is bidden by his Chinese and Iranian masters.

Gordon A. Dressler
December 6, 2020 4:52 pm

“Joseph R. Biden Jr. announced on Tuesday a new plan to spend $2 trillion over four years to significantly escalate the use of clean energy in the transportation, electricity and building sectors, part of a suite of sweeping proposals designed to create economic opportunities and strengthen infrastructure while also tackling climate change.”—source: https://www.nytimes.com/2020/07/14/us/politics/biden-climate-plan.html

This is only part of a series of headaches coming to Joe once he assumes office. For example:
1) The US Federal government will lose a massive amount of income in FY2020 due to reduced tax revenue associated with businesses and citizens that have had greatly reduced profits/incomes.
2) The US government will have to deficit-spend multiple $trillions on COVID-19 vaccine doses, distribution and injections as well as massive assistance programs in FY 2020 to keep businesses from collapsing (going “BK”) and to keep citizens fed, provided with medical care, and housed (reference the on-going Congressional debates on “stimulus” bills).
3) Most State governments will be appealing to the Federal government for “bailouts” for their extraordinary expenses and spending deficits brought on by responding to the COVID-19 pandemic.
4) In addition to the above-noted plan to discretionally spend an average of $500 billion a year on climate change/some sort of GND, the Biden/Harris campaign also promised to spend uncounted $trillions during the next four years on things such as infrastructure improvements, student loan forgiveness, income equality, government-provided housing, free assistance for illegal aliens, increased free health care/Obama care coverage, revising police policies, etc., etc., etc.

So much planned spending, so few dollars actually available for such.

Observer
Reply to  Gordon A. Dressler
December 6, 2020 6:55 pm

Don’t forget bailouts for fiscally-prudent Blue States like Illinois and California.

But they don’t need taxes to pay for it; the Fed will just QE the money into existence.

Mike Dubrasich
December 6, 2020 5:38 pm

Traitor Joe is a walking (limping) vegetable. He will not be making decisions — not on his own. The Administration will be on autopilot, an inflatable dummy whose strings are pulled from behind the curtain. The quality and character of The Turnip’s appointees indicate that this country, and the world, are headed for extreme disaster. World War III has been promised by AOC and is all but guaranteed. The Preppers were right all along.

Reply to  Mike Dubrasich
December 6, 2020 6:47 pm

The US Democrat-Socialists really have no idea what domestic forces they are about to unleash. The coastal elites that form both the Biden-Harris inner core, and their periphery of appointees really have very little understanding of Middle America.
They apparently think that the Executive Branch under a Biden (or Harris) can just issue their edicts, mandates, and diktats disguised as EOs and EPA regulations and sue and settle fraud, and it will be like Capt Picard BARKING on Star Trek-NG, “Make it So!!! Number 1.”

The Biden-Harris Admin is in for a very, very steep learning curve when autocratic governments around the world perceive the US {resident as “Weak.”
The Biden-Harris inner circle sycophants have this idea of a domestic agenda they think they want to implement in the first 100 days. That is where they want to focus their attentions. But the reality will be the coming international fires (because Biden is seen as weak and easily befuddled) in Taiwan and the Persian Gulf will consume all their oxygen and attention as they flounder to understand what to do, and mostly like Nero, “Fiddle while Rome burns.”

Carlo, Monte
Reply to  Joel O'Bryan
December 7, 2020 6:03 am

Rise of the Watermelons.

Bro. Steve
December 6, 2020 5:53 pm

China’s version of the Deep State is comprised of fervid jingoes. America’s Deep State just wants to manage our national decline. When the Chicoms negotiate with us on virtually anything, our Deep State types roll over and couldn’t care less about the results. That is all you need to know about everything from intellectual property to trade deals and the global warming follies. The Chicoms will use climate change to cripple our economy and shrug when America catches them cheating on whatever it is they have supposedly agreed to.

eo
December 6, 2020 6:09 pm

What headache? Just consult the EU, OECD, China, India, and agree with them. Dont rock the boat like Trump did. Dont worry of about the trillions of money spent unless everybody agrees to drastically amend the Bretton Woods agreement and the IMF charter. The conventional wisdom is for inflation to gallop when more money is printed as there will be more paper money chasing a limited supply of goods. This did not happen with the 2007 financial crisis as the supply of goods went up as fast or even faster than the US and other developed countries printing money. The China, India, Vietnam and the rest of the developing countries with their low labor cost dampen the global inflation by supplying more goods and in the process made their economies stronger. Well, the bad effect on the US and developed is the large number of industries closing down. The US dollar is supposed to go down as its trade deficit goes up but the developing countries just keep on hoarding US dollar reserve (like a freezer full of rotting fish) to maintain their export advantage. Was it not Yellen who devised this grand strategy to solve the 2007 financial crisis?
Here is a link to the foreign reserves of the countries. Noticed how low the US foreign reserve is. It is lower than Poland. Australia foreign reserve is less than 1/3 compared to Indonesia and lower than the individual ASEAN countries.

glen ferrier
December 6, 2020 7:38 pm

Mike: Joe Biden will NOT “hand everything to China”. He fully intends to skim a very healthy percentage off the top for his family and friends.

Cheers,

Speed

Analitik
December 6, 2020 8:56 pm

Western countries should commit to following China’s lead in decarbonisation by 2060. Each country should vow to match China’s emissions changes on a one year lagging basis

MatthewSykes
Reply to  Analitik
December 7, 2020 12:45 am

You really think they wont lie?

RickWill
December 6, 2020 9:36 pm

It is now appropriate that the UN headquarters be relocated to Beijing. That will put the seat of woke in the best place to have the greatest impact on CO2 emissions. US has become a bit player from an energy perspective. China is now the star player, consuming 50% more primary energy than the USA. China is where efforts to curb pollution will get the biggest bang for buck. Need to convince the CCP that CO2 is a pollutant.

RickWill
Reply to  RickWill
December 6, 2020 9:38 pm

Correction – biggest bang for yuan.

MatthewSykes
December 7, 2020 12:45 am

The question is how deep the ‘religious’ belief goes. If it is as bad as traditional religions, then they will destroy the economy in the name of ‘doing right’, because their god will reward them somehow.

Welcome to the new dark ages.

griff
December 7, 2020 2:13 am

‘A Biden presidency, which now seems most likely…’

You think…?

(ROFL)

Reply to  griff
December 7, 2020 7:25 am

Seriously, take 15 minutes to consider that falsely labelled “renewables” will never power the world….you will pay more and more for less and less….do NOT rely on a senile old man like Joey the Clown Biden…he lies about his lies….and the CCP lies rival Joey’s lies….but BEWARE abrupt sudden quick climate change ahead….back to another Little Ice Age.

MarkW
Reply to  griff
December 7, 2020 10:19 am

In griff’s world, whatever plane it may exist on, if the Guardian says something, that something automatically becomes a truth that may never be questioned.

JohnTyler
December 7, 2020 8:39 am

What will occur is obvious to any idiot.
Bidet will force the USA to cut back on carbon emissions (i.e. , shuttering coal fired electric generating facilities, coal mining, oil/gas production, etc) while touting “new” agreements with China.
China, of course, will have ZERO intention of abiding by any climate agreement they have signed and they will continue to build coal fired plants by the hundreds.
The Chinese are not stupid; they realize that climate change scam is total bullshit.
All the while they will be giving lip service to addressing “climate change,” to placate Bidet, the Europeans or all the other idiots that believe in this scam.
The best analogy here would be the Obama-Iran payoff/bribe deal in which Iran continued to do whatever they wanted to re: uranium enrichment, while Obama – probably one of the most ignorant presidents in US history, and certainly the most anti -American president in history – talked up the “benefits” of the deal. Meanwhile the Iranians, with help from Kerry (an individual stupider then Obama), could not believe their luck.

The end result will be, ONCE AGAIN, the American citizenry gets totally screwed, the American elites will feel better about themselves and not give F**k about the hardships they have imposed upon the citizenry.

MarkW
Reply to  JohnTyler
December 7, 2020 10:21 am

I foresee a big increase in the rate at which China is building coal fired power plants in the near future.
In order to power the factory production that is being transferred from the US and other western countries.

Jeffery P
December 7, 2020 9:18 am

What headache? Biden will surrender and go along with the globalists. The USA won’t stand against China but will instead adopt internationalist policies such as the Paris Climate Agreement.

Besides, his family will rake in the big bucks from China.

Climate believer
December 7, 2020 2:09 pm

That particular developing country has just gone an got some moon cheese….. that’s some serious developing.

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