Even in France, nuclear power isn’t perfect.Photo: Gretchen MahanThis post is coauthored by Cutler Cleveland, Bruce Cooperstein, and Ida Kubiszewski. It’s a condensed version of …
The following is a guest essay. ----- Stabilizing concentrations of greenhouse gases in the Earth's atmosphere at a level that will fulfill the mandate of the UN Framework Concentration on Climate Change to avoid "dangerous anthropogenic interference with the climate system" will require drastic departures from business as usual. Here we introduce one attractive response to this challenge that may seem visionary or idealistic today but that could well become realistic once we reach a tipping point regarding climate change that opens a window of opportunity for embracing major changes. No silver bullet exists capable of solving the complex and interdependent problems of climate change, sustainability, and economic development. A consensus is emerging, however, that solving these problems will require major changes in existing governance arrangements to eliminate or at least alleviate what the 2006 Stern Review (1) calls the "greatest and widest-ranging market failure ever seen" -- the failure of the market to send proper signals about the real costs of using the atmosphere as a repository for greenhouse gases. This case exhibits the defining features of market failures surrounding open-access resources (2-6). Because emitters allowed to use the atmospheric commons as a repository for the wastes associated with burning fossil fuels at no cost, they have every incentive to use as much of this free factor of production as possible. But the present and future costs to society of this practice are enormous. Estimates of these costs vary. But there is compelling evidence that the eventual costs will exceed the cost of changing our current practices to limit emissions of greenhouse gases by a large margin (1). Analysts have proposed a variety of forms of carbon taxes and cap-and-trade systems as policy measures to deal with this problem (7, 8). A few measures, like the European Emission Trading Scheme, have been implemented to some degree. But the measures under consideration at present are deeply flawed. In this article, we present an alternative system that has several attractive features, including the capacity to deal fairly with the regressive nature of most carbon taxing systems, to protect the new governance arrangements from political manipulation or corruption, and to contribute to the alleviation of global poverty. Working out the details of the general plan will be an ambitious task, but we think it is important to take the first step and propose a broad strategy having the six principles laid out below. The core of this system is the idea of a common asset trust (9, 10). Trusts are widely-used and well-developed legal mechanisms designed to protect and manage assets on behalf of specific beneficiaries (11). Extending this idea to the management and protection of a global commons, such as the atmosphere, whose owners/beneficiaries include all people alive today as well as future generations, is a new but straightforward extension of this idea. Because the atmosphere is global, the Earth Atmospheric Trust would be global in scope. Initial implementation at a regional or national scale may be necessary and appropriate, however, as we build toward a global system. We cannot examine in detail the path that implementation of the system might take, or how the many institutional, political, and administrative details would be addressed. Our purpose here is to present an integrative idea that has many positive features as the basis for further discussion in the post-Kyoto world. The trust arrangement we envision has six basic features together with four special features and precautionary measures. Basic features:
The work of recent Nobel Peace Prize winners Al Gore and the IPCC, along with a veritable mountain of other evidence, clearly lays out the reality and potential costs of human-induced climate change. Most analyses have concluded that we can and must keep our economies growing while addressing the climate challenge; we need only reduce the amount of carbon dioxide and other greenhouse gases we produce. We can do this, they say, by using more efficient light bulbs, driving more fuel-efficient cars, better insulating our homes, buying windmills and solar panels, etc. While we agree that these things need to happen (and the sooner the better), it is clear that they will not be enough to solve the big problems the world faces. The inconvenient truth is that to ensure quality of life for future generations, the world's wealthiest societies cannot continue our current lifestyles and patterns of economic growth. Further, the large proportion of humanity living in poverty must be able to satisfy basic human needs without aspiring to an overly materialistic lifestyle. Does this inconvenient truth mean doom and despair? Absolutely not. Indeed, we think this seemingly inconvenient truth is actually a blessing in disguise, for our high-consuming lifestyles and western patterns of economic growth are not actually improving our well-being: they are not only unsustainable, they are undesirable. Scientists are discovering a convenient truth: our happiness does not depend on the consumption of conventional economic goods and services, but instead is enhanced when we have more time and space for socializing, for nature, for learning, and for really living instead of just consuming.
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