Even as the tsunami of Bernard Madoff’s busted Ponzi scheme was submerging hapless rentiers around the world, another esoteric financial enterprise quietly took a step forward this week. At a couple of hundred million bucks, this new venture is just spare change alongside Bernie’s 50 billion. But in time it could grow to rival Madoff’s […]
What do the defeat of the Lieberman-Warner cap-and-trade bill, the burst of the oil-price bubble, the Wall Street meltdown, the promise of a new political landscape in the wake of the fall elections, and the exigencies of the climate crisis have in common? To the Carbon Tax Center and CTC’s partners at the Climate Crisis […]
Maybe it was the thought of two decades of climate-crisis exhortation, little more heeded than words shouted at a hurricane.Photo: germuska via Flickr.
Perhaps it was all three. Whatever the reasons, the climate crisis' Paul Revere turned it up a few more notches in a speech yesterday (PDF) at a Congressional staff briefing in Washington D.C.
Yet James Hansen's headline-grabbing broadside against Big Oil and Big Coal CEOs may prove less significant than his full-throated advocacy of carbon tax-and-dividend as the highest priority for reducing carbon emissions and abating global warming:
A price on emissions that cause harm is essential. Yes, a carbon tax.
Condemning carbon trading as "fraught with uncertainties, lack[ing] transparency and creat[ing] large opportunities for emitting facilities to engage in fraud," a national coalition of environmental justice organizations has called for a federal carbon tax to address "the most critical issue of our time" -- the climate crisis.Photo: Brooke Anderson.
The June 2 statement from the Climate Justice Leadership Forum is the latest sign of mounting disaffection with the top-down push for carbon cap-and-trade. It is particularly significant because the 28 signatory organizations, which span the country from Anchorage to New Orleans and from Oakland to New York City, have been the spearhead of a rising movement by communities of color to crack open the historically affluent and white U.S. environmental lobby, much of which has backed the cap-and-trade approach to pricing carbon emissions.
Moreover, CJLF's endorsement of "an equitable carbon tax" serves notice that lower-income and "minority" constituencies are concluding that the disproportionate impacts of carbon taxes and other user fees can (and must) be reversed through progressive use of the carbon tax revenues.