The price of gasoline should be higher. There, I said it.
I will be shunned (again) by the school of political “pragmatists” who believe we must never ask anyone to do anything hard about climate disruption. But everyone who’s thinking in practical terms about climate solutions knows it’s true.
We’re just not going to do climate solutions right, at scale, in a market economy as long as the exorbitant costs of climate disruption remain external to the price of fossil fuels — that is, as long as we keep foisting those costs off on our kids and grandkids.
Freeloading is not good economics, and it’s even worse ancestoring. It’s particularly galling when it poses as an answer to poverty, since it is the world’s poor who do the least to cause climate disruption and are slammed hardest by its consequences.
This graph shows how British Columbia’s carbon tax is helping the province do just that. Six years in to the BC carbon tax experience, Alan Durning and Yoram Bauman are reviewing the promise, pitfalls, and progress to date (having planted the seeds in the first place). Read the first installment of their analysis here, and sign up for the whole series while you’re at the Sightline site. Heck, sign up for everything; their stuff is the best.
Climate solutions are many, varied, and complex. But this part is super simple: without responsible limits on climate pollution and an end to free carbon dumping, we’re not going to get those solutions done well and soon enough.
* No. Seriously. That’s the translation of: Splendor sine occasu