Letter: The carbon solution
I thank Walter Carlson for his clear explanation of global warming science (Monitor Forum, July 16). He told it like it is without mincing words. I wish he hadn’t left us with all the knowledge and no solutions.
There is a superb solution: carbon fee and dividend. By putting a price on carbon so polluters pay for their contamination of a common inheritance (the atmosphere), we will incentivize clean energy. By refunding the fee’s revenue to all citizens equally in a monthly dividend check, we will make sure everyone can cope with the higher prices and avoid a ballooning central government.
By steadily increasing the fee, we will phase it in so that market investors can adjust. Such a fee and dividend has been modeled by an independent firm, REMI. They found a 30 percent decrease in greenhouse gas emissions by year 10, and a marvelous 52 percent by year 20.
No regulation can accomplish that and also create 2.1 million new jobs within 10 years. Carbon fee and dividend can. Knowing such a promising option exists to correct global warming, we can and should take action by calling on our politicians to pass the measure. That’s far better than moping about how desperate the science looks.