Scientists say $2 trillion investment can decarbonize energy by 2050, paid for with a carbon tax

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    • #401341
      • Total Posts: 10,151

      Now, the National Academies of Sciences, Engineering, and Medicine has released the pre-publication draft of a 209-page study—Accelerating Decarbonization of the U.S. Energy System—which concludes that a net-zero economy is not only achievable by 2050, but would “also build a more competitive economy, increase high-quality jobs, and help address social injustice in the energy system.” The authors sped up the publication of their acceleration study specifically with the idea of influencing the direction of the new administration’s climate action, but without consulting the Biden-Harris team.

      Stephen Pacala, the Frederick D. Petrie Professor of Ecology and Evolutionary Biology at Princeton University and chair of the committee that wrote the report, said in press statement, “Because of dramatic decreases in the costs of renewable electricity and batteries, the U.S. can now—during the 2020s—make strides toward achieving a net-zero emitting energy system at a cost lower than investing in reduced air pollution alone. Because the energy system impacts so many aspects of society, a transition to net-zero will have profound implications well beyond climate and energy—and it is paramount that we maintain a strong social contract to ensure this transition benefits all communities.”

      That perspective is one climate hawks have expressed for at least two decades even as the technology to make it happen has improved and gotten cheaper, some of it gradually, some of it by leaps and bounds.

      Over the next 10 years, the authors state, $2 trillion in federal money should be invested in the green transformation that is already underway. And the funding for it? A $40 ton carbon tax increased by 5% annually possibly with dividends going to the more vulnerable population, especially those already harmed by environmental damage from the extraction, processing, and burning of fossil fuels. The tax, they say, would “would unlock innovation in every corner of the economy and send appropriate signals to encourage a cost effective route to net zero.”

      Jesus: Hey, Dad? God: Yes, Son? Jesus: Western civilization followed me home. Can I keep it? God: Certainly not! And put it down this minute--you don't know where it's been! Tom Robbins in Another Roadside Attraction

    • #401377
      • Total Posts: 4,544


      Hi eridani,

      Too little too late.  Just more can kicking to appear something will be done.


      “Those who make peaceful revolution impossible will make violent revolution inevitable."
      - John F. Kennedy

      "The further a society drifts from the truth the more it will hate those who speak it."
      - George Orwell

      "It is no measure of health to be well adjusted to a profoundly sick society."
      - Jiddu Krishnamurti

      "Sometimes a pessimist is only an optimist with extra information."
      - Idries Shah

      "A riot is the language of the unheard."
      - Martin Luther King

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