Letter: Climate change economics
Thanks to Ayn Whytemare for the terrific article on climate change (The Forum, Sunday Monitor, July 13).
I especially liked seeing the rarely mentioned use of land as a carbon sink.
There’s a great TED talk by Alan Savory about what he calls “mob grazing,” using herd animals as a way to reverse global warming.
Meanwhile, here’s a great idea that can make major carbon emissions cuts to fight climate change while improving our economy: If we put a carbon pollution fee on fossil fuels that was rebated directly to the American public, a monthly check in the mail, a REMI economic report says we’d create 2.8 million net jobs while adding $80 billion to $90 billion annually to our GDP by 2025.
Most Americans would come out ahead, or at least break even on the rebate plan, especially low-income and middle-class people.
The carbon fee increases annually, so fossil fuels get more expensive as clean energy gets cheaper. The market phases out fossil fuels.
Most economists, Republicans and Democrats, support this plan.
The Citizens Climate Lobby has more details about it.
A key provision of the plan is that imports from countries such as China would also be taxed according to their emissions, forcing them to go green to compete economically.
Americans would also get that money rebated to them, making American goods more affordable for them. This plan uses only conservative, free-market principles and no government regulations, and helps the economy, so there is hope of real bipartisan support in Congress.