Others have beat me to it.
The fact that the treaty would give China and India a pass is the real problem, as they stand to be the biggest polluters (China uses coal extensively for the production of power...more so than the US if I remember correctly. Their coal plants do not have even remotely the same emission controls our plants have.)
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"Of all tyrannies, a tyranny exercised for the good of its victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end, for they do so with the approval of their own conscience." – C. S. Lewis
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