August 4, 2013

ECONOMICS, NOT ENVIRONMENTALISM:

A Republican Case for Climate Action (WILLIAM D. RUCKELSHAUS, LEE M. THOMAS, WILLIAM K. REILLY and CHRISTINE TODD WHITMAN, 8/02/13, NY Times)

A market-based approach, like a carbon tax, would be the best path to reducing greenhouse-gas emissions, but that is unachievable in the current political gridlock in Washington. Dealing with this political reality, President Obama's June climate action plan lays out achievable actions that would deliver real progress. He will use his executive powers to require reductions in the amount of carbon dioxide emitted by the nation's power plants and spur increased investment in clean energy technology, which is inarguably the path we must follow to ensure a strong economy along with a livable climate.

The president also plans to use his regulatory power to limit the powerful warming chemicals known as hydrofluorocarbons and encourage the United States to join with other nations to amend the Montreal Protocol to phase out these chemicals. The landmark international treaty, which took effect in 1989, already has been hugely successful in solving the ozone problem.

Rather than argue against his proposals, our leaders in Congress should endorse them and start the overdue debate about what bigger steps are needed and how to achieve them -- domestically and internationally. 

As administrators of the E.P.A under Presidents Richard M. Nixon, Ronald Reagan, George Bush and George W. Bush, we held fast to common-sense conservative principles -- protecting the health of the American people, working with the best technology available and trusting in the innovation of American business and in the market to find the best solutions for the least cost.

The genuine Republican case is based almost exclusively on economics.  A substantial carbon tax--offset by reducing taxes on corporate profits and personal capital gains--would jump start the transition towards taxing consumption.  Meanwhile, as the editorialists note, it would improve the climate for innovation, as companies raced to engineer the next generation of energy sources, which would suddenly be more competitive price wise.

Posted by at August 4, 2013 8:39 AM
  

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