letter: collecting carbon fees might cut down on disasters ... · letter: collecting carbon fees...
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9/14/18, 1(23 PMLetter: Collecting carbon fees might cut down on disasters – The Buffalo News
Page 1 of 9https://buffalonews.com/2018/09/07/letter-collecting-carbon-fees-might-cut-down-on-disasters/
The Trump administration’s intention toreplace the Obama-era Clean Power Plan (CPP)with the misnamed “Affordable Clean EnergyRule” (ACER) fits its pattern, shown sinceInauguration Day, to a “T.” The ACER promotesneither affordable nor clean energy: It wouldtry to prop up dirty fuels whereas the marketis steering the energy industry towardsrenewables. It would cut CO2 emissions byonly 1.5 percent by 2030, whereas the CPPwould have cut them 32 percent. I see noexplanation for this move other than theadministration’s propensity to maximizeshort-term gains for corporate executives andstockholders, at the expense of the public.
Letter: Collecting carbon feesmight cut down on disastersBy Staff (https://buffalonews.com/author/staff/) | Published September 7, 2018
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9/14/18, 1(23 PMLetter: Collecting carbon fees might cut down on disasters – The Buffalo News
Page 2 of 9https://buffalonews.com/2018/09/07/letter-collecting-carbon-fees-might-cut-down-on-disasters/
That said, the proposed ACER should raiseeyebrows in light of the many recentenvironmental degradations (collapsinginfrastructure, seal level rise, forest fires andso on) made more likely and/or worsened byclimate change. For instance, the NationalOceanic and Atmospheric Administrationdeclared 2016’s Hurricane Matthew a 1-in-1,000 Year Flood Event and, even worse, thelast time North Carolina saw a once-in-500-year flood event was less than 20 years ago.Then, the very next year brought HurricaneHarvey, determined by the University ofWisconsin to be a once-in-1,000-year event.
At present, the best step to slow climatechange might be a revenue-neutral CarbonFee and Dividend (CFD) plan. Such a planwould place a price per ton of carbon dioxide(or equivalent) on each unit of coal, oil andnatural gas that enters the United Stateseconomy. The fees collected are returneddirectly to households, making the planattractive for conservatives, liberals andeveryone in-between. Due to its simplicity andreliance on market forces, CFD is easy toadminister and increases predictability forbusinesses. It does not grow government orraise costs to consumers overall; indeed, mostfamilies would receive dividends that exceedtheir fees paid. CFD would be a win-win allaround.
Andrew Hartley, Ph.D.
9/14/18, 1(23 PMLetter: Collecting carbon fees might cut down on disasters – The Buffalo News
Page 3 of 9https://buffalonews.com/2018/09/07/letter-collecting-carbon-fees-might-cut-down-on-disasters/
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9/14/18, 1(23 PMLetter: Collecting carbon fees might cut down on disasters – The Buffalo News
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9/14/18, 1(23 PMLetter: Collecting carbon fees might cut down on disasters – The Buffalo News
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9/14/18, 1(23 PMLetter: Collecting carbon fees might cut down on disasters – The Buffalo News
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9/14/18, 1(23 PMLetter: Collecting carbon fees might cut down on disasters – The Buffalo News
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9/14/18, 1(23 PMLetter: Collecting carbon fees might cut down on disasters – The Buffalo News
Page 8 of 9https://buffalonews.com/2018/09/07/letter-collecting-carbon-fees-might-cut-down-on-disasters/
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9/14/18, 1(23 PMLetter: Collecting carbon fees might cut down on disasters – The Buffalo News
Page 9 of 9https://buffalonews.com/2018/09/07/letter-collecting-carbon-fees-might-cut-down-on-disasters/