The June 2 letter titled “We contributed to it, and we can fix climate change” gets it right: We now have solutions to climate change that are “scientifically and economically sound.” We know that either solar or wind energy can easily and reliably power the entire world (Stanford University’s solutionsproject.org).
We also know that clean energy is now as cheap, or cheaper, than any fossil fuel (Lazard) and will be “essentially free” by 2030 (Financial Times, UBS), but global warming is moving much faster than clean energy deployment (National Academy of Sciences). That’s why we’ll need a Green New Deal-style clean energy plan deployed by 2021 to avoid catastrophic global warming.
Washington’s Gov. Jay Inslee, who’s focusing his presidential campaign on climate change, has recently released a 38-page, detailed version of the Green New Deal’s energy plan, which shows how to pay for it (vox.com). The Evergreen Economy Plan says that two-thirds of the money, $600 billion annually for a decade, will come from private investment — so, not socialism.
The rest, $300 billion annually for a decade, can, and should, come from the fossil fuel megacorporations which knowingly caused the climate crisis (Scientific American, New York Times, Union of Concerned Scientists,fortune.com, insideclimatenews com, greenpeace.org). There’s already a bill in Congress that can make that happen: H.R. 763, Carbon Dividends. See how it works atcitizensclimatelobby.org. The Congressional Budget scoring shows it would add $350 billion annually to U.S. GDP. Canada’s done this successfully for a decade (The Guardian).
Climate disasters have already cost the U.S. more than $1 trillion (NOAA/NASA). Just a half-degree increase in global temperatures will cost Americans $13 trillion, and we’re already locked into at least a 1.5-degree increase (Intergorvernmental Panel on Climate Change).
“The Green New Deal is affordable; The cost of inaction is incalculable” — Forbes.