Obama’s administration is pushing all the world’s nations to restrict their output of HFC gases. Years ago, HFCs were blamed for the ozone hole, but later the hole was found to fluctuate on its own.
As if the cost of the HFC restrictions were not staggering enough, Obama’s proposal includes across-the-board reductions in greenhouse gases.
Poor nations will flout the restrictions, and there is no way to verify combined factory emissions somewhere in rural China. The United States will shoulder the burden of the reductions, which will further worsen its economy.