It’s time to allow markets to fight climate change

Democrats on the new House Select Committee on Climate Crisis recently released a report that follows its predecessor’s script — it ignores global emissions, increases costs and marginalizes U.S. natural resources. The last House select climate committee existed from 2007 to 2011, leaving behind one striking legacy — the unwieldy Waxman-Markey cap and trade bill. That bill would have significantly raised energy costs for American households, and would have resulted in higher emissions compared to where we are today.

The United States has led the world in cutting emissions — not through overbearing big government policies, but because we’ve avoided them. Democrats imply that America bears much of the responsibility for climate change, and that more heavy-handed government regulations, mandates, spending and taxes are our only path forward. That’s just not the case. There is more work to do, but innovation is working. By contrasting centrally-planned solutions, conservative proposals maintain our emissions-reducing leadership by unleashing innovation that can be affordably exported globally. 

Since 2005, the U.S. has cut carbon emissions considerably. During this same timeframe, China has increased its emissions. Last year, the executive director of the Paris-based International Energy Agency (IEA), a multinational agency of developed nations, summarized America’s unprecedented results: “In the last 10 years, the emission reduction in the United States has been the largest in the history of energy.” Finally, the United States invests more in innovative technologies than anyone else. The United States is leading, and we must continue leading with the Republican-driven, innovative and market-based solutions that drove home these record cuts.  

Instead of acknowledging our accomplishments on climate, Democrats have historically praised China. In order to justify more government intervention here at home, the far left pretends the Paris Agreement alone solves climate change for the rest of the world. Doing so allows Democrats to focus solely on U.S. emissions, without regard to global impact. While perhaps well intentioned, this approach starves investment in the innovation necessary to reduce emissions outside our border — where more than 90 percent of all emissions will soon originate. This is a dangerous view. Climate change is a global challenge, and global challenges require global solutions. 

With a $93 trillion price tag, the Green New Deal smuggles in irrelevant domestic policies such as free college and a federal jobs guarantee. The House Select Committee on Climate Crisis report follows suit, including election reform and other non-core issues. These inclusions delay real action by pushing leftist policies that have nothing to do with lowering global emissions or the cost of energy. Both the Green New Deal and the…