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Showing posts from April, 2011

Esty and Porter Recommend Imposing a Price on Carbon Emission in the U. S.

Summary :   Carbon dioxide is a major greenhouse gas produced by burning fossil fuels.   It leads to increased average global temperature , which is thought to be causing a variety of climate-related harms to life across the planet.   Carbon dioxide may be considered to be a waste product of our energy economy that has not yet been properly accounted for in the energy cost structure. As a first step in developing a national energy policy in the U. S. , Dan Esty and Michael E. Porter, writing in the New York Times, propose an economy-wide price on carbon.   It would start initially at a low rate and increase over time to a more significant value.   They point out that other nations and regions of the world already put a price on fossil fuel-derived carbon dioxide.   This would be an important initiative for the U. S. , changing consumer behaviors and promoting innovation in a new energy economy. Introduction. The world relies heavily on burning fossil fuels ...

Carbon Dioxide – The Waste Product of Our Energy Economy

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Summary .   Human activity generates waste.   As the earth’s population grows, and as the world-wide standard of living rises, we create more and more waste.   Examples include household trash, electronic devices, and acid rain.   Most significantly, as we burn more and more fossil fuels to produce the energy that powers modern life, we emit more and more carbon dioxide into the atmosphere.   This substance, an important greenhouse gas , is being released as the waste product of our energy economy.   As with other forms of waste, significant costs are implicit in reversing any harmful effects that the waste may have on our environment.   It is imperative to treat manmade carbon dioxide as a cost-bearing waste product because of the harmful effects of the global warming that it produces.   These harms carry enormous costs with them.   Accounting for these costs makes it more acceptable to make the investments, and bring about the changes nee...