Friday, June 2, 2017
Confused by the brouhaha over the Paris climate accord? The Execupundit points to an essay by Keith Hennessey that might help explain a few things. Essay here. A few wee excerpts here:
"QTIIPS stands for Quantitatively Trivial Impact + Intense Political Symbolism."
"I therefore read the text of the agreement to see for myself. Doing so reinforced the view I developed when the agreement was concluded. Relative to the scope of the problem it is trying to solve, the Paris Agreement is quantitatively trivial. It is a set of weak process agreements, with many areas of ambiguous language and “flexibility” for countries to reinterpret their only loosely binding quantitative commitments to reduce greenhouse gas emissions many years from now.
The national leaders who supported Paris, including President Obama, had a political interest in overselling their policy accomplishment. Similarly, President Trump has a political interest in selling today’s move to his base as an enormous policy win, when to me it appears he is nullifying American participation in an agreement that on policy grounds was insignificant to begin with."
"QTIIPS issues are unfortunately great fits for our modern advocacy, political, and communications structures. Everyone can virtue signal to their heart’s content. No one has to read the text of the policy change, look at the numbers, or ask hard questions of a relevant policy expert. Political tribes can inhabit their comfort zones and preach to the converted while heaping scorn and derision on the other tribe. Passion abounds while everyone ignores the policy nerds saying “Um… I think the actual effect here is too small to matter.”"