"Many queries received: is Obama's climate effort 'too little, too late?' Closely related query: are we at an 'oops' moment, a realization that we have pushed the climate system too far, so consequences such as ice sheet disintegration and large sea level rise are now out of our control? . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The answer re 'too little?' is obvious from the fact that governments, ours included, are allowing and encouraging industry to go after every fossil fuel that can be found. Rather than dwelling on that fact, let's consider the action needed to avoid 'too late'.
According to their comprehensive analysis of the impacts of a carbon fee-and-dividend (CF&D) in the United States, with 100% 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% of the revenue is returned to households, equal amounts to all legal residents. This approach spurs the economy, increasing the number of jobs by 2.1 million in 10 years. Emissions decrease 33% in 10 years, 52% in 20 years.
Contrary to the wails of fossil-fuel-industry kingpins, the fossil fuel CF&D stimulates the economy, modernizes infrastructure and saves 13,000 lives per year via improved air quality. GDP increases, with fee-and-dividend causing a cumulative GDP increase of $1.375 trillion.
Why do these results differ from previous studies concluding that a carbon tax would be costly? The main reason is that other studies do not have 100% recycling of funds to the public; instead part of the money is taken as a tax, to increase the size of government."
REFERENCES [URL shortened by <http://bit.ly/> and accessed on 22 June 2014.]
Hake, R.R. 2014. "Re: James Hansen's 'Too Little, Too Late? Oops?' " Post of 20 Jun 2014 09:08:40 -0700 to AERA-L and Net-Gold. Online on the OPEN! AERA-L archives at <http://bit.ly/1w3Arx1>.The abstract and link to the complete post are being transmitted to several discussion lists and are on my blog "Hake'sEdStuff" at <http://bit.ly/SXSnuh> with a provision for comments.