True Cost Accounting

Last month I gave an Ignite talk at the HUB Seattle about carbon taxation. There are many market-based ways to help us dramatically curb carbon emissions and a carbon tax is just one of them. The real goal of the plan I discuss in the video below is to raise revenue for Washington State that can be invested in new transportation infrastructure and funding business-friendly tax reform; it has the added benefit of creating a more honest cost for CO2 emissions. We can’t wait for the Federal Government to move on a major plan to cut carbon emissions. The United States has consistently been the chief obstructor to meaningful action at the UN Climate Summit and this year was no exception. Toughening up CAFE standards is a good start, but such a response has no chance of lowering emissions fast enough to help arrest the runaway climate change which is already occurring.

Like I said last week, we’re all guilty of hypocrisy when it comes to the split incentive of carbon energy. We love the modern conveniences that it offers but are loathe to experience the long-term consequences of dirty, climate changing emissions. Assessing a more realistic cost —a cost simliar to what the rest of the world pays— moves us in the right direction. We’ll all be paying more to internalize the true cost of carbon energy and in the longterm, it’s one of our best chances to make a speedy transition to a carbon-free economy. True cost accounting ya’ll, that’s our first step towards a realistic long-term energy plan.

Let's Have a Discussion!

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s