Category Archives: Climate change
The BBC reports today that after President Donald Trump warned North Korea it should be “very, very nervous” if it does anything to the US, Defence Secretary James Mattis warned that armed conflict with North Korea would be “catastrophic” and said diplomacy was bearing fruit. “The American effort is diplomatically led, it has diplomatic traction, it is gaining diplomatic results,” he said.
At a series of intergovernmental conferences starting in 2013, extensive evidence was presented of the enormous ‘humanitarian consequences’ should nuclear weapons ever be used again in war.
One study published by the organisation Article 36 was a detailed analysis of the impacts of a single modern nuclear warhead exploding over a typical city within an industrialised nation. The target was Manchester in the UK as a model medium-sized modern city. The yield of the warhead was 100,000 tonnes (100kT) – similar to many of the smaller warheads deployed by the US, Russia, France and UK.
The immediate impacts of blast from the explosion were estimated using the city’s night-time population. Very conservative casualty estimates were around 210,000 people injured – many very seriously – and around 80,000 killed immediately by blast. Many of those injured would likely die from their injuries. These figures do not take account of injuries due to flash burns arising from the fireball, severe fires or longer term health impacts. Similar casualty figures were found for a warhead exploding at ground level. This would slightly reduce the radius of blast and fire damage but instead would create a long lethal zone of radiation capable of killing and injuring people many miles downwind.
These results are based on widely accepted casualty models and are therefore reasonable minimum estimates of the impacts. A range of humanitarian organisations (including UN agencies and the Red Cross) have concluded that the detonation of just one such weapon near any centre of population anywhere in the world would overwhelm the health infrastructure, making an effective humanitarian response impossible.
One 800kT warhead dropped on a city like Manchester would mean an estimated 240,000 killed and 535,000 injured. On top of this, one would expect large numbers of deaths and injuries due to flash burns, severe fires and conflagrations or even a firestorm. One RS-20 missile with ten such warheads could destroy ten urban areas with total deaths of at least 2.4 million and injuries of at least 5.4 million.
It should also be remembered that these casualty figures would only apply to the (very numerous) medium-sized cities. Nuclear warheads would be much more devastating if targeted on larger cities, such as Shanghai (population: 24m), Moscow (12m), London (8.5m) or New York (8.5m). For example, Moscow would suffer an estimated 760,000 immediate deaths with 2.7m injured from one US Trident Mk-5 warhead. For Shanghai, estimated fatalities are 3m with 4.4m injured.
This devastation would not be the end of the story. The next section looks at the longer-term effects of a nuclear war, in particular, disruption to the global climate, the ozone layer, ecosystems and food supplies.
Exploding nuclear warheads over ‘combustible targets’ such as cities and factories would lead to widespread, intense fires that would inject massive amounts of smoke into the atmosphere leading to the formation of extensive high-altitude smoke clouds. These would cause cooling of the climate in a similar fashion to that observed after very large volcanic eruptions (for example, Krakatoa in 1883), but on a rather larger scale, threatening agriculture and hence food supplies across the world. Other effects included major damage to the ozone layer – which protects humans and ecosystems from damaging ultra-violet rays from the Sun – and the long-lived effects of radioactivity.
The use of greater numbers of larger Russian and US nuclear warheads would cause even higher levels of cooling and greater climate impacts lasting a decade or more. The 1,800 US and Russian warhead scenario would cause a long-lasting cold period with a peak global cooling of 4°C, whilst the full scale nuclear war would cause 8°C. Frosts, drought and monsoon disruption would severely impact crop production for several years.
Finally, levels of nitrogen oxide gas and soot particles created by the nuclear explosions would severely damage the Earth’s protective ozone layer. It has been estimated that 50% of the protective value would be lost. This would increase the levels of ground level ultra-violet radiation and skin cancers amongst any survivors. It would also severely affect waterborne life by damaging phytoplankton which are a key part of the oceanic and freshwater ecosystems and provide a vital food supply for all larger aquatic creatures.
The destruction of vital infrastructure such as health care, water, food and energy supply systems, and a complete disruption of communications and trade, the longer-term consequences for the Earth’s environment would present very severe challenges for all those who survived the initial detonations. Realistically, after a large scale nuclear war, one should imagine a brutalised, traumatised shattered society violently thrown back into a pre-industrial age. Assuming that humanity at large could survive this global catastrophe, any ‘recovery’ would surely be measured in hundreds of years. Even after what has formerly been considered a small scale nuclear war, the consequences would still be dire across the globe, far beyond the conflict zones.
It has to be regarded a shocking indictment of our ‘civilisation’ that current stockpiles of nuclear weapons are sufficient to cause such a global catastrophe.
The fully referenced report may be read here: http://www.sgr.org.uk/resources/nuclear-weapons-beginner-s-guide-threats
Paul Simons adds to many ‘wakeup calls’ – writing about high temperatures, drought and wildfires.
May and June were also phenomenally hot across Portugal, Italy, the Balkans, Greece and Turkey.
Heat and drought have helped to fuel wildfires in Spain and Italy, and wildfires near the seaside resort of Calampiso in Sicily forced the evacuation by boat of about 700 tourists on Wednesday night. In Greece the heatwave led the culture ministry to close archaeological sites around the country, including the Acropolis in Athens.
Together with a long-running drought, the heat has ravaged much of southern Spain, leading to a devastated wheat and barley harvest. If the arid conditions continue, there are also fears for the olive, walnut, almond and grape harvests and the wellbeing of livestock. Rainfall has been desperately low this year, but the country has been suffering from a lack of rain for five years.
Drought threatens to reduce cereal production in Italy and parts of Spain to its lowest level in at least 20 years, and hit other regional crops. Castile and Leon, the largest cereal growing region in Spain, has been particularly badly affected, with crop losses estimated at around 60 to 70%. While the EU is collectively a major wheat exporter, Spain and Italy both rely on imports from countries including France, Britain and Ukraine.
Deadly heatwaves for much of South Asia – yet many of those living there will have contributed little to climate change
The Guardian adds to the news from Europe: India recorded its hottest ever day in 2016 when the temperature in the city of Phalodi, Rajasthan, hit 51C. Another study led by Prof Elfatih Eltahir, at Massachusetts Institute of Technology in the US, linked the impact of climate change to the suicides of nearly 60,000 Indian farmers.
The analysis, published in the journal PNAS, assesses the impact of climate change on the deadly combination of heat and humidity, measured as the “wet bulb temperature” (WBT). Once this reaches 35C, the human body cannot cool itself by sweating and even fit people sitting in the shade will die within six hours.
Prof Chris Huntingford, at the UK Centre for Ecology and Hydrology, said: “If given just one word to describe climate change, then ‘unfairness’ would be a good candidate. Raised levels of carbon dioxide in the atmosphere are expected to cause deadly heatwaves for much of South Asia. Yet many of those living there will have contributed little to climate change.”
Guardian journalists comment sarcastically, “But fear not: by 2040, no new diesel or petrol vehicles will be sold in the UK
This, apparently, is the appropriate timetable for responding to what a parliamentary committee calls a “public health emergency”. A child born today will be 23 by the time this policy matures – by then the damage to the development of her lungs and brain will have been done”.
According to Professor Eltahir’s study, if emissions are reduced roughly in line with the global Paris climate change agreement there would be no 35C WBT heatwaves and the population affected by the 31C WBT events would fall from 75% to 55%. About 15% are exposed today.
A National Geographic article says most people agree that to curb global warming a variety of measures need to be taken. On a personal level, driving and flying less, recycling, and conservation reduces a person’s “carbon footprint”—the amount of carbon dioxide a person is responsible for putting into the atmosphere.
At present, lorries shifting identical goods in opposite directions pass each other on 2,000-mile journeys. Competing parcel companies ply the same routes, in largely empty vans – a theme explored by MP Caroline Lucas and Colin Hines in 2003 – the Great Trade Swap.
It describes airports as deadly too – yet government and opposition alike are ‘apparently hell-bent’ on expanding Heathrow, exploring airport expansion projects elsewhere and seeking post-Brexit trade deals with distant countries.
To reduce the risk of ever more extreme weather, we must reduce the amount of fossil fuel we are burning – and the measures taken will have other desirable consequences as the following cartoon shows:
Parliament must listen to its Committee on Climate Change – chairman John Gummer. As the East Anglian Times reported in June, its annual progress report calls for “urgent” plans to meet legal targets for carbon cuts by 2032 as greenhouse gases from transport and buildings continue to rise.
The committee advocates action to bridge the gap between existing policies and what is needed to achieve required emissions reductions by the mid-2020s – boosting electric vehicles and cutting greenhouse gas emissions from the heating of homes to help to meet UK climate targets.
Christine Parkinson has drawn attention to an article in the Guardian, in which MPs Clive Lewis and Caroline Lucas express a profound sense of frustration and dismay about the Conservative victories won by narrow margins in places such as St Ives, Richmond Park and Hastings. They pointed out that if every progressive voter had placed their X tactically, Jeremy Corbyn would now be prime minister with a majority of over 100.
Highlights from their article
The regressive alliance we see forming before our eyes between the Conservatives and the DUP can only be fully countered by a progressive alliance on the opposition benches and if we work together there is nothing progressives can’t achieve. The limits of the old politics are there for everyone to see – the limitlessness of the new we are just starting to explore.
More than 40 electoral alliances, in which people across parties cooperated on tickets including support for proportional representation and the common goal of preventing Conservative candidates winning, were pulled together quickly for the snap election. People from different parties worked together to ‘do politics differently’ and there was a sense that politics has become hopeful and positive again.
We shouldn’t forget the challenges we face:
- markets that are too free,
- a state that can be too remote,
- a democracy that still leaves so many voices unheard
- and change on a scale our people and our planet can’t cope with.
It is going to take a politics that is social, liberal and green to overcome these challenges. No single party or movement has all the answers. We are going to have to learn to cooperate as well as compete to build the society of which we dream. And we are going to have to recognise that the future is not a two-party system but one in which smaller parties grow – both in influence and in their electoral representation.
Colin Hines adds detail: also advocating a progressive alliance of Labour, the Lib Dems, the SNP, Plaid and the Greens he says that they will need to get their ‘policy ducks in a row’ to win it. He continues:“Firstly, these must provide hope, not just for the young, but for every community in the country.
“To do this Jeremy Corbyn must revisit and vigorously shake his people’s QE “money tree”. This could pay for real economic activity on the ground via decentralised infrastructure projects to make the nation’s 30 million buildings energy efficient, ensure a shift to localised renewable energy, and the building of local transport systems.
“Secondly, the divide between young and old must be bridged by policies fostering intergenerational solidarity. Older people with significant saving should be offered “housing bonds”, paying, say, 3% interest to help fund a massive council and affordable homes programme.Tuition fees would be scrapped, but so too must be the threat of having to lose a home to pay for care, or having to scrabble for means-tested benefits such as heating allowances.
“Financed by progressive and fairer wealth and income taxes, and a clampdown on tax dodging, this should have an election-winning appeal to the majority of grandparents, parents and their young relatives”.
Broken Britain 3: ‘strong and stable government’: by the rich, for the rich, at the expense of the rest
Those who are ‘just about managing’ live in the only ‘big advanced economy’ in which wages contracted (2007-2015) while the economy expanded, the cost of living rose and multinational profits rocketed.
Pett lists the end goals which would benefit the 99% and the wreckers
As Eisenhower said, we need a humane government which would focus on the well-being of all, not the profits of the few and stop being complicit in slaughter . . .
and we should strengthen local/regional economies.
Close the global casino and the revolving door between big business and government
and offer all, especially superfluous managers and young commodity traders, socially beneficial work
Mary Robinson fails to mention the corruption and self-serving that has characterized the “elite global agenda”
Millions across the world feel that the current globalised system is not working in their best interests. From unemployed former steel workers in the US rust belt, to the small island states in the South Pacific where livelihoods are threatened by climate change, people are angry that decisions taken by governments and in corporate boardrooms appear blithely indifferent to their daily struggles. We know from history that crude populism offers no real solutions, creating only false hope and scapegoats. Yet it is also clear that there are many politicians who will cynically exploit genuine grievances for their own ends”.
She ended by calling on citizens across the globe to trust their best instincts and work together for justice, but thoughtful commentators pinpointed omissions which underlie the uneasy reaction of some readers (extracts follow, all links added).
John Bruce addresses Ms Robinson: “With immense respect the air in your ivory tower isn’t what the rest of us breathe”
This article epitomises the views of a human being with a great heart but so out of touch as not to begin to understand the realities of life as understood by those who voted Brexit, or for Trump, or who are, and will be, powering the whole ground swell of global discontent.
It is not about leadership per se, but its abuse in pursuing greed over decency and values
Simon elaborates: This tip of the hat to the discontent of the “Millions across the world” seems well intentioned. But Robinson fails to embrace the significant corruption and self-dealing that has characterized the “elite global agenda”.
Yes, in theory globalization offers much promise, but its idealistic promoters have inexcusably turned a blind eye to abuses, distortions and fraud in globalization’s execution. All too frequently, dissent has been brushed aside as populist ignorance.
Globalization’s idealistic leaders (The Elders?) have lost credibility precisely because they have failed to call out the “fellow traveler” profiteers in their own ranks, and likewise been cheerleaders to globalization’s stark imbalances.
John Bruce continues: One price of this has been consumerist capitalism – a policy to enrich the wealthy at the expense of the not so well.
The mechanism has been education to a belief that “I shop therefore I am” – all on the back of expensive debt to the individual, supplied at near zero cost by institutions which, in a free market, would no longer be in it.
That is the cause of disaffection and it threatens revolution. Corbyn is right 20/1 is a pay ratio the civilised world needs to adopt or, had we still been here, the future would have been a time of immense violence – politics by other means to get rid of the oppressive mortmain on the lives and aspirations of the many by the protected and privileged few. An elite whose leadership has long been to protect the status quo and vested interest. Not something anyone with the power to do anything wishes to change.
The deep entrenchment of such leadership, based on the comfortable misconception of its beneficiaries, that the answer to poverty is simply to make the rich richer and it will simply trickle down, has come to put humanity at risk never before faced.
The second price to be paid for consumerist capitalism is its carbon footprint
Nature has the capacity to re-cycle 280 – 300 ppm carbon pa (note Keeling). The system has been out of control since about 1980. Now, 40 years later and in absence of intervention – to make clean energy to put coal oil and gas out of business and convert current engines to run clean – we have no future.
It is, on the evidence, that stark. But just as the conventional wisdom was wrong in thinking the RMS Titanic couldn’t sink so today we no less deliberately deny ourselves the reality, preferring a delusion which allows us to think that by cutting carbon we can remain below 1.5C.
Bruce ends prophetically: “What drives our weather will set our destiny.”
Is that news to anyone?
This site and others have been focussing on this appalling phenomenon corrupting governance for years, so much so that corruption of politicians and supporting media is no longer shocking: it is the norm.
As such, frequent news of revolving doors and rewards for failure has been under-reported on this site of late – despite many significant leads from regular readers – because these items just repeat our view of the state of the nation.
However the ever-eloquent George Monbiot is more persistent
He explains: “Dark money is the term used in the US for the undisclosed funding of organisations involved in political advocacy. Few people would see a tobacco company as a credible source on public health, or a coal company as a neutral commentator on climate change. To advance their political interests, such companies must pay others to speak on their behalf”.
Though corporate America was horrified by some of Donald Trump’s positions, especially on trade, once he had secured the nomination, big money began to recognise an unprecedented opportunity.
Monbiot continues: “Trump was prepared not only to promote the cause of corporations in government, but to turn government into a kind of corporation, staffed and run by executives and lobbyists. His incoherence was not a liability but an opening: his agenda could be shaped. And the dark money network that some American corporations had already developed was perfectly positioned to shape it”.
He looks into the historical background:
“Soon after the Second World War, some of America’s richest people began setting up a network of thinktanks to promote their interests. These purport to offer dispassionate opinions on public affairs. But they are more like corporate lobbyists, working on behalf of those who founded and fund them.
“These are the organisations now running much of the Trump administration”.
He then relates the story of MP Liam Fox
In 1997, Liam Fox founded an organisation called The Atlantic Bridge. Its patron was Margaret Thatcher. On its advisory council sat the future cabinet ministers Michael Gove, George Osborne, William Hague and Chris Grayling. Fox, who became a leading campaigner for Brexit, described the mission of The Atlantic Bridge as “to bring people together who have common interests”. It would defend these interests from “European integrationists who would like to pull Britain away from its relationship with the United States”. The Atlantic Bridge (link no longer informative) was later registered as a charity – only after it collapsed did the full story of who had funded it emerge.
Read the tedious and depressing details in the Guardian or on this site here.
How did Fox achieve this position, after the scandal that brought him down six years ago? Monbiot explains: “The man who ran the UK branch of The Atlantic Bridge was his friend Adam Werrity, who . . . carried a business card naming him as Fox’s adviser but was never employed by the Ministry of Defence, joined the secretary of state on numerous ministerial visits overseas, and made frequent visits to Fox’s office”.
The Charity Commission investigated The Atlantic Bridge and determined that its work didn’t look very charitable. It had to pay back the tax from which it had been exempted (Hintze picked up the bill) and the trustees shut the organisation down. Monbiot continues; “As the story about Adam Werrity’s unauthorised involvement in the business of government began to grow, Fox made a number of misleading statements. He was left with no choice but to resign”.
As the Financial Times reported, the election of Donald Trump transformed the fortunes of Liam Fox: he is back on the front bench, with a crucial and sensitive portfolio – Secretary of State for International Trade – an indispensable member of Theresa May’s front bench team: “The shadow diplomatic mission he developed through The Atlantic Bridge plugs him straight into the Trump administration”.
Taking back control from Europe means closer integration with the US
Monbiot adds that European laws protecting the public interest were portrayed by Conservative Eurosceptics as intolerable intrusions on corporate freedom and the transatlantic ‘special relationship’ is a relationship between political and corporate power. He ends with the following warning, sent by President Franklin Roosevelt in 1938 to the US Congress:
“The liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than their democratic state itself. That, in its essence, is fascism”.
Monbiot adds “It is a warning we would do well to remember”.
On BBC Radio 4 today it was reported that some supermarkets are limiting sales of fruit and vegetables.
A newspaper elaborates: “Morrisons and Tesco have limited the amount of lettuce and broccoli after flooding and snow hit farms in Spain. Shortages of other household favourites – including cauliflower, cucumbers, courgettes, oranges, peppers and tomatoes – are also expected. Prices of some veg has rocketed 40% due to the freak weather. Sainsburys admitted weather has also affected its stocks”.
HortiDaily reports on frost in Europe in detail (one of many pictures below) and the search for supplies from Turkey, Morocco, Tunisia.
A former Greenpeace Economist foresees these and more persistent problems in his latest book, Progressive Protectionism.
News in America and abroad but not in Britain – why?
Strange. The nearest to British reportage came from the Guardian who merely opened: “Donald Trump is poised to eliminate all climate change research conducted by Nasa as part of a crackdown on “politicized science”, his senior adviser on issues relating to the space agency has said”.
As Donald Trump was sworn into office as the new president of the US on Jan. 20, a group of around 60 programmers and scientists were gathered in the Department of Information Studies building at the University of California-Los Angeles, harvesting government data.
“A spreadsheet detailed their targets: Webpages dedicated to the Department of Energy’s solar power initiative, Energy Information Administration data sets that compared fossil fuels to renewable energy sources, and fuel cell research from the National Renewable Energy Laboratory, to name a few out of hundreds.
“Many of the programmers who showed up at UCLA for the event had day jobs as IT consultants or data managers at startups; others were undergrad computer science majors. The scientists in attendance, including ecologists, lab managers, and oceanographers, came from universities all over Southern California. A motley crew of data enthusiasts who assemble for projects like this is becoming something of a trend at universities across the country: Volunteer “data rescue” events in Toronto, Philadelphia, Chicago, Indianapolis, and Michigan over the last few weeks have managed to scrape hundreds of thousands of pages off of EPA.gov, NASA.gov, DOE.gov, and whitehouse.gov, uploading them to the Internet Archive. Another is planned for early February at New York University.
“Hackers, librarians, scientists, and archivists had been working around the clock, at these events and in the days between, to download as much federal climate and environment data off government websites as possible before Trump took office. But suddenly, at exactly noon on Friday as Trump was sworn in, and just as the UCLA event kicked off, some of their fears began to come true: The climate change-related pages on whitehouse.gov disappeared. It’s typical of incoming administrations to take down some of their predecessor’s pages, but scrubbing all mentions of climate change is a clear indication of the Trump administration’s position on climate science . . .
“Over the first 100 days of the new administration, a volunteer team of programmers will be scanning government websites and comparing them to the archived, pre-Trump versions, to check for changes. to produce a weekly report on changes . . . “
It is feared that large government data sets related to climate change and environmental health that scientists use for research will be lost next – for example, the Environmental Protection Agency database of air quality monitoring data might become a target of Trump-appointed EPA administrator Scott Pruitt’s office, based on Pruitt’s history of suing the EPA to roll back air pollution regulations.
Read more about the agencies involved in rescue and storage – one being Page Freezer which has three data centers, one in the US, one in Europe, and one in Canada – which will put the information out of reach of the US government.
Bloomberg reports that thirteen energy, transport and industrial companies are forming a hydrogen council to consult policy makers and highlight its benefits to the public as the world seeks to switch from dirtier energy sources, according to a joint statement issued on January 17th from the World Economic Forum in Davos, Switzerland.
Council members Toyota Motor Corporation, BMW AG, Daimler AG, Honda Motor Co., Hyundai Motor Co., gas companies Air Liquide SA and Linde AG, miner Anglo American Plc, electric utility Engie SA, rail company Alstom SA and motorcycle and heavy equipment manufacturer Kawasaki Heavy Industries Ltd plan to invest a combined 10 billion euros ($10.7 billion) in hydrogen-related products within five years.
John Lippert, the author of the report, quotes Shell CEO Ben Van Beurden: “The world of energy is transforming very, very fast. Hydrogen has massive potential.”
Rather than using batteries to reduce pollution from cars, homes and utilities that are contributing to climate change, fuel cell vehicles are a cornerstone of Toyota’s plan to rid 90% of carbon dioxide emissions from its vehicles by 2050. It believes that it’s easier to convince consumers to use gasoline-electric hybrids and fuel cell vehicles rather than battery-electric autos, which tend to have less driving range and take longer to recharge than filling up with gasoline or hydrogen.
Takeshi Uchiyamada, Toyota’s chairman and a council co-chair, said “In addition to transportation, hydrogen has the potential to support our transition to a low-carbon society across multiple industries and the entire value chain”.
There are also pilot projects in hydrail and hydrogen-fuelled boats and barges – see in March 2016: Birmingham planners and engineers focus on clean transport.
Edward Luce (right) reports that the big reinsurance companies have called on Washington to take urgent steps to stop catastrophe, which threatens to make nonsense of their risk models.
He writes: “You would never guess it from the US election. But for the third year running the world is on course to exceed a record temperature in 2016 — having suffered the hottest July in history last month”.
The hidden costs of climate change — the federal disaster relief, higher insurance rates, bigger levees and so on — will also grow.
Before the public reaches a verdict on global warming, we may be reaping the whirlwind. As Eric Reguly wrote in 2013, no climate-change deniers are to be found in the reinsurance business.
Most people encounter life through day-to-day problems. As Luce says, it is natural to worry more about job security, or the family’s healthcare, than about the grander themes of our time.
Though people fear that their children may not ‘have it as good’, they look at economic forecasts, complain about immigration and seldom mention the impact of global warming; they also fear that mwasures to address global warming, such as having a “carbon tax”, will raise the cost of living.
Luce points out that global warming is affecting daily lives in a growing number of ways:
- Last month, America’s east coast suffered from summer temperatures so high the authorities in New York, Washington and elsewhere urged people to keep their children inside and stay well hydrated.
- Washington was hit by two nights of electricity outage and many more such cuts are expected as. The underground cables were not designed to withstand so many days of daytime temperatures near 100F (38C).
- Southern California has suffered from a rise in the ferocity of wildfires;
- Louisiana, earlier this month was flooded by “once-in-a-thousand-year” rainfall;
- Westerners may find it hard to identify with people in the Gulf, where
- insurance rates have shot up in low-lying coastal areas, such as Florida, Alabama and even New Jersey.
- Zillow, an online property site, forecast that one in eight homes in Florida would be underwater by the end of the century.
- farmers in the midwest fret about the uncertainty of “extreme weather”.
Public scepticism about science and an allied distrust of funding-dependent experts has been rising in the past few years, with fear about the side-effects of vaccines on children, the impact of pesticides and fluoride in drinking water.
Most people don’t have the time or the education, to understand climate science. Luce reminds readers that scientists have consistently said that global warming will take place unevenly, unpredictably and by step-change rather than on a linear curve: “That means next year may be less hot than this year. It will not mean that global warming is a hoax. Here is one prediction: next time it snows in Washington DC, several US senators will send tweets mocking global warming.”
To avoid the unpopular policy of taxation, governments have resorted to cap and trade schemes, which are floundering, ‘run by bureaucrats and vulnerable to lobbying’, but Luce believes in letting the market decide how to cut emissions by putting a price on carbon – charging those who emit carbon dioxide (CO2) for their emissions. For every dollar raised from carbon, we should receive a dollar in tax cuts — or better still, have it rebated in our tax returns.
He emphasises that the purpose should not be to raise money but to cut emissions.