Atmospheric carbon dioxide (CO2) continues its rapid rise. Last month (May 2019) CO2 in the atmosphere set a new record with the average peaking at 414.7 parts per million at NOAA’s Mauna Loa Atmospheric Baseline Observatory (see graph below).
The highest level of CO2 in the atmosphere during the 800,000 years preceding the industrial revolution was 300 ppm. That occurred about 330,000 years ago, long before modern humans arrived on the scene (see graph at bottom of post).
What is being done about the present accumulation of greenhouse gas in the atmosphere? Here’s what the World Bank (April 2018) says: “Some 40 countries and more than 20 cities, states and provinces already use carbon pricing mechanisms, with more planning to implement them in the future. Together the carbon pricing schemes now in place cover about half their emissions, which translates to about 13 percent of annual global greenhouse gas emissions.”
As the above graph shows, these carbon pricing efforts, while well meaning, have had no noticeable effect on the rise in atmospheric CO2. Is it possible that if the carbon pricing efforts become more widespread, their effect will become noticeable? That is unlikely. Why? Because the carbon pricing schemes currently in use target the emissions from fossil fuels rather than the fossil fuels themselves.
In a shooting war, the bullets are not the enemy, the people loading the guns and pulling the triggers are the enemy. To win the war, you duck the bullets and focus your attack on the gunmen. In our climate war, we need to look past the CO2 emissions and set our sights on the gunmen, the people who extract fossil fuels from the ground, the oil and gas industry.
The best way to fight the industry is to replace fossil fuel based technologies with clean technologies. That’s already happening simply because the cost of clean technologies has dropped sharply. Clean technologies are now cheaper and more efficient than fossil fuel based technologies and they are starting to be used in large areas of the economy (see May 27 post — NY Governor Cuomo goes for clean power technology in a big way). The fossil fuel industry will eventually collapse because of its inferior economics. But not fast enough.
Applying a carbon tax is a way to speed things up. However, to be effective the tax must be targeted, not against the CO2 emission from fossil fuels, but against the carbon content of the fossil fuels before they are burned. The most effective time and place to apply the carbon tax is when and wherever the fuels are extracted from the ground or imported into the country. The correlation between the amount of tax charged and the resulting reduction in oil and gas produced will be close, unambiguous, and directly measurable; a huge advantage for the administrators.
Is it right to single out a particular industry and tax it so as to throttle its production? Of course it is. Our survival depends on it. Being fair to the enemy is not a winning strategy. In any case, fossil fuel companies do not deserve equitable treatment. They knew for years that the use of their products would cause global warming. Did they inform the public? No. They kept the knowledge to themselves, continued pumping fossil fuels, and lied about the dangers.
Keep this in mind:
The oil and gas industry is in favour of taxing CO2 emissions. Why? Because it provides a smoke screen in which to hide. When CO2 emissions are taxed, everyone pays. It allows the oil and gas industry to masquerade as just another industry paying its fair share. It is not just another industry, it is the culprit. As I write this post, the culprit is busy promoting a scheme to tax CO2 emissions, a scheme much to its advantage (see May 12 post — Oil Industry promoters want to pay Americans not to complain about global warming).
Subsidize clean technologies. Sue oil and gas corporations in court. Ban fossil fuel industry tax breaks. Dump investments in oil and gas. Dump politicians who support the oil and gas industry. Those are all great ways to hit the fossil fuel industry and its promoters. Here’s some pertinent advice:
“hit them fast, hit them hard, hit them a lot” — Jack Reacher (Lee Childs’ fictional character)