Saturday, November 28, 2015

'Carbon Fee and Dividend' to mediate Human Caused Climate Change

Dr. James Hansen and others have advocated since 2008 for a "Carbon Fee and  Dividend" as a viable way to mediate human caused climate change. In my opinion Americans and global citizens should be made more aware of this concept, that it should be discussed widely and implemented as soon as possible.

Photo above by honoring Dr. Hansen for his leadership.

Dr. Hanson is writing a two part essay on this topic November 28 and 29, 2015, just before the Climate Talks in Paris starting December 1.  Here is a link to the first one on November 28.

"...fossil fuels appear cheapest to the consumer only because they do not incorporate their costs to society, including the effects of air pollution, water pollution and climate change. Economies are more efficient if energy prices are honest, including external costs in the price."

"A consequence of this fundamental truth is that climate change can be addressed at no net cost, indeed with economic gain, provided that true costs are added into the price gradually. A simple transparent way to do this is to collect an across-the-board (oil, gas, coal) carbon fee at domestic mines and ports of entry."

"If the funds collected are given in equal amount to all legal residents, the fee is revenue neutral and spurs the economy. This is a conservative approach, because it allows the market to assist change and it does not provide a dime to make government bigger."

Another article By Dr. Hansen provides a shorter summary on this topic titled:  "Environment and Development Challenges: The Imperative of a Carbon Fee and Dividend"

"This chapter discusses the importance of a carbon fee and dividend in minimizing the impacts of climate change on humanity and nature. Before outlining the policies needed to produce a rapid phase-out of fossil fuel emissions, it enumerates the fundamental flaws of the Kyoto Protocol from the standpoint of climate science... Specifically, it proposes a flat (across-the-board) rising fee (tax) on carbon emissions. It also explains how such an approach may be implemented both nationally and internationally."

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