U.S. energy experts are warning of the economic and national security implications of President Biden's pact with China this week to move towards shutting down fossil fuel production in favor of green energy.
The State Department announced this week it had struck a deal with its Chinese counterparts pledging to "accelerate the substitution for coal, oil and gas generation" with green energy sources like wind and solar power. The nations, which account for nearly half of global greenhouse gas emissions, also agreed to "deepen policy exchanges" on reducing carbon emissions in various sectors, like power, industry, buildings and transportation, across their economies.
But the agreement — in which the nations further pledged to "sufficiently accelerate renewable energy deployment in their respective economies through 2030" — was criticized over its potential impact on U.S. consumers. Experts also noted that China has rarely followed through on international accords and stands to financially benefit from such an agreement since it controls much of the world's green energy supply chain.
"The agreement speaks heavily about advancing — doubling down and tripling down on renewables, wind and solar. The majority of them are made in China," Daniel Turner, the founder and executive director of Power The Future, told Fox News Digital in an interview.
"The agreement speaks heavily about advancing — doubling down and tripling down on renewables, wind and solar. The majority of them are made in China," Daniel Turner, the founder and executive director of Power The Future, told Fox News Digital in an interview
"So, you're basically writing an agreement that guarantees China a customer and guarantees their manufacturing sector decades of purchasing. Of course China would love this agreement. And their obligations — they'll just ignore that. They've ignored every other obligation," Turner added. "It is basically guaranteeing China decades of wealth, guaranteeing America is going to buy their products."
The agreement was finalized during Special Presidential Envoy for Climate John Kerry's meeting with Chinese Special Envoy for Climate Change Xie Zhenhua in Sunnylands, California, last week. And it came shortly before Biden met with Chinese President Xi Jinping in San Francisco.
"The cooperative initiatives outlined by State Department will create make-work for bureaucrats, subsidies for rent-seekers, photo ops for local politicians, and new opportunities for Chinese agents of influence and industrial spies," Competitive Enterprise Institute senior fellow Marlo Lewis told Fox News Digital.
Experts warn Biden's agreement with China to shut down fossil fuels will harm Americans | Fox News
The State Department announced this week it had struck a deal with its Chinese counterparts pledging to "accelerate the substitution for coal, oil and gas generation" with green energy sources like wind and solar power. The nations, which account for nearly half of global greenhouse gas emissions, also agreed to "deepen policy exchanges" on reducing carbon emissions in various sectors, like power, industry, buildings and transportation, across their economies.
But the agreement — in which the nations further pledged to "sufficiently accelerate renewable energy deployment in their respective economies through 2030" — was criticized over its potential impact on U.S. consumers. Experts also noted that China has rarely followed through on international accords and stands to financially benefit from such an agreement since it controls much of the world's green energy supply chain.
"The agreement speaks heavily about advancing — doubling down and tripling down on renewables, wind and solar. The majority of them are made in China," Daniel Turner, the founder and executive director of Power The Future, told Fox News Digital in an interview.
"The agreement speaks heavily about advancing — doubling down and tripling down on renewables, wind and solar. The majority of them are made in China," Daniel Turner, the founder and executive director of Power The Future, told Fox News Digital in an interview
"So, you're basically writing an agreement that guarantees China a customer and guarantees their manufacturing sector decades of purchasing. Of course China would love this agreement. And their obligations — they'll just ignore that. They've ignored every other obligation," Turner added. "It is basically guaranteeing China decades of wealth, guaranteeing America is going to buy their products."
The agreement was finalized during Special Presidential Envoy for Climate John Kerry's meeting with Chinese Special Envoy for Climate Change Xie Zhenhua in Sunnylands, California, last week. And it came shortly before Biden met with Chinese President Xi Jinping in San Francisco.
"The cooperative initiatives outlined by State Department will create make-work for bureaucrats, subsidies for rent-seekers, photo ops for local politicians, and new opportunities for Chinese agents of influence and industrial spies," Competitive Enterprise Institute senior fellow Marlo Lewis told Fox News Digital.
Experts warn Biden's agreement with China to shut down fossil fuels will harm Americans | Fox News
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