Letter: Conversation worth having
Glaciers are disappearing, and coral reefs are dying. Our oceans are growing acidic and corrosive from too much CO2 absorption as sea levels everywhere rise. Tropical zones are expanding northward and southward from the equator. Fierce storms have already grown more frequent, and drought and mega-fires ravage our Southwest.
Let’s do something.
We have the minds and the power, but do we have the heart and the will? I support the change proposed by Dr. James Hansen.
He suggested we create a “carbon fee and dividend system.”
In his words: “(In a) study by the nonpartisan organization Regional Economic Models, Inc. . . . They (provide a) comprehensive analysis of the impacts of a carbon fee and dividend in the United States, with 100 percent revenue distribution of the money to the public in equal shares as direct payments. The fee would start at $10/ton of CO2 and increase $10/ton each year; 100 percent of the revenue is returned to households, equal amounts to all legal residents. This approach spurs the economy, increasing . . . jobs by 2.1 million in 10 years. Emissions decrease 33 percent in 10 years, 52 percent in 20 years. . . . The fossil fuel fee and dividend stimulates the economy, modernizes infrastructure and saves 13,000 lives per year via improved air quality . . . with fee and dividend causing a cumulative GDP increase of $1.375 trillion. . . . A revenue-neutral fee and dividend is completely different from a carbon tax, and their impacts on the economy are as different as night and day.”
Let’s have this conversation.