Estimating the social cost of greenhouse gas pollution

William P. Hall on February 14, 2022

US Federal courts consider this vexing question: how much do greenhouse gas emissions cost society and who should pay this cost?

Jim Krane & Mark Finley, 13/02/2022 in The Conversation
What is the ‘social cost of carbon’? 2 energy experts explain after court ruling blocks Biden’s changes: When an electric company runs a coal- or natural gas-fired power plant, the greenhouse gases it releases cause harm – but the company isn’t paying for the damage. Instead, the costs show up in the billions of tax dollars spent each year to deal with the effects of climate change, such as fighting wildfires and protecting communities from floods, and in rising insurance costs. This damage is what economists call a “negative externality.” It is a cost to society, including to future generations, that is not covered by the price people pay for fossil fuels and other activities that emit greenhouse gases, like agriculture.

VC1 News Editor’s comment: Australians need to think about this in the run-up to our election. The costs to human society from human triggered global warming are already reaching catastrophic levels. If we cannot stop and reverse the warming process, near-term human extinction is likely. The social cost of this would be literally infinite (any costs divided by zero humans left is infinite). In other words, if we wish for our families to survive into the future, we need to spend whatever it takes to stop the warming. This won’t be helped by a present puppet government that continually denies and downplays the reality and often works to block any effective action against the carbon emissions of its puppet masters. Use Vote Climate One’s Traffic Light Voting System to replace them with people who will put climate action at the top of their to-do list if elected.

Views expressed in this post are those of its author(s), not necessarily all Vote Climate One members.

Biden’s climate incentives may show us how it’s done

William P. Hall on February 13, 2022

Biden’s new climate incentives have a good chance to pass Congress, to work in practice, and to give great value for money

by Robinson Meyer 10/02/2022 in The Atlantic

Biden’s Biggest Idea on Climate Change Is Remarkably Cheap: It’s one of the most cost-effective climate policies the U.S. has ever considered, according to a new analysis…. The researchers’ study, which has not been peer-reviewed, finds that the policy’s benefits will be three to four times larger than its costs, creating as much as projected $1.5 trillion in economic surplus while eliminating more than 5 billion tons of planet-warming carbon pollution through 2050.

Views expressed in this post are those of its author(s), not necessarily all Vote Climate One members.

Big Oil feasting on what was the world’s most powerful nation and hope for the future

William P. Hall on January 19, 2022

Beware Australians, under our LNP COALition puppet government we’re also on the menu to be barbecued by feasting special interests — but we still have a chance to change it

With this the article linked here, an American FB friend, Hieronymus Bosch, reminds/warns us Australians just how perilous our freedoms may be if we leave the fossil fuel industry’s LNP COALition puppets in charge of our government for any longer. Aside from controlling or at least disabling Congress, Trump and his puppet followers have also managed to replace/control a majority of the Supreme and Federal Court judges such that now, even with a sort of progressive President, the mighty USA is now little better than China or Russia where the practice of real democracy is concerned.

As demonstrated here, the fossil fuel special interests main aim seems to be to preserve their gluttonous but eventually nihilistic quest to prevent any action anywhere against global warming so they can continue unhindered their quest to turn fossil carbon into an ever increasing volume of greenhouse gases. We can already see that these sill growing emissions are forcing global temperatures higher into the zone that will virtually guarantee Earth’s next global mass extinction, even though such an extinction will almost certainly include their human bodies along with the rest of humanity.

At least til now Australia’s federal and state Electoral Commissions and Courts seem to be intact enough that we can still claim to be a functional democracy where the people retain the power to change the government if they feel the need to do so. However, if we don’t remove the COALition puppets from government in our upcoming Federal Election we may soon end up like Americans – essentially powerless to elect people who will work to protect our futures rather than feeding the burning appetites of the gluttonous special interests of the fossil fuel industries and other exploiters of our resources.
See how Vote Climate One and our Traffic Light Voting Guide can help you to remove or prevent special interest puppets in your electorates who want to destroy our futures. With a new government of people who can be counted on to put acting on climate change as their first order of business in office, we may have a chance that our species will have a possible future in a reasonably intact biosphere on our only planet.

Regarding the article that follows, Hieronymus said, “Living in an undemocratic and crashing empire [i.e., my original home country] where corporations have all the money and power. I suppose I shouldn’t be shocked, but DAMN. … Texas’s governor, Greg Abbott, has written to the all-Republican court – half of whose members he appointed – in support of Exxon. He accused the California litigants of attempting “to suppress the speech of eighteen Texas-based energy companies on the subject of climate and energy policies”“.

How Exxon is using an unusual law to intimidate critics over its climate denial

America’s largest oil firm claims its history of publicly denying the climate crisis is protected by the first amendment
Exxon, headquartered in Houston, argues that lawsuits filed by out-of-state politicians infringe on the sovereignty of Texas. Photograph: Reginald Mathalone/NurPhoto/Rex/Shutterstock

Chris McGreal in The Guardian, Tue 18 Jan 2022

ExxonMobil is attempting to use an unusual Texas law to target and intimidate its critics, claiming that lawsuits against the company over its long history of downplaying and denying the climate crisis violate the US constitution’s guarantees of free speech.

The US’s largest oil firm is asking the Texas supreme court to allow it to use the law, known as rule 202, to pursue legal action against more than a dozen California municipal officials. Exxon claims that in filing lawsuits against the company over its role in the climate crisis, the officials are orchestrating a conspiracy against the firm’s first amendment rights.

The oil giant also makes the curious claim that legal action in the California courts is an infringement of the sovereignty of Texas, where the company is headquartered.

Eight California cities and counties have accused Exxon and other oil firms of breaking state laws by misrepresenting and burying evidence, including from its own scientists, of the threat posed by rising temperatures. The municipalities are seeking billions of dollars in compensation for damage caused by wildfires, flooding and other extreme weather events, and to meet the cost of building new infrastructure to prepare for the consequences of rising global temperatures.

Read more…

Views expressed in this post are those of its author(s), not necessarily all Vote Climate One members.

Case study and dissection of a fossil-fuel puppet politician holding a government to ransom

William P. Hall on January 16, 2022

America’s Joe Manchin illustrates shows how damaging a puppet can be when a balance of power can be exploited

Although America’s Congressional electoral system differs substantially from Australia’s, the role super-wealthy special interests play in controlling both governments is similar. Geoff Goodell’s article in Mother Jones explores the impact a single special-interest puppet politician can have where he/she can exploit a balance of power. It is even worse when a whole government in power is riddled with with such puppets as is the case in Australia now.

Manchin’s Coal Corruption Is So Much Worse Than You Knew

The senator from West Virginia is bought and paid for by Big Coal. With his help the dying industry is pulling one final heist — and the entire planet may pay the price.

By Jeff Goodell
January 10, 2022
RollingStone

…

At this point in human evolution, burning coal for power is one of the stupidest things humans do. Coal plants are engines of destruction, not progress. Thanks to the rapid evolution of clean energy, there are many better, cheaper, cleaner ways to power our lives. The only reason anyone still burns coal today is because of the enormous political power and inertia that the industry has acquired since the 19th century. In America, that power and inertia is embodied in the cruel and cartoonish character of West Virginia Sen. Joe Manchin, who, paradoxically, may have more control over the trajectory of the climate crisis than any other person on the planet right now. Kidus Girma, a 26-year-old Sunrise Movement activist who helped organize protests against Manchin this past fall, calls him “the final villain.”

Manchin’s influence comes from the fact that in an evenly divided Senate, he is the swing vote that can make or break legislation. He presents himself as a pragmatic man from a hardscrabble state who is always trying to do the right thing. He values good manners and civility, and sometimes seems to be channeling the folksy charm of another famous West Virginian, test pilot Chuck Yeager, who was immortalized in The Right Stuff.

The truth is, Manchin is best understood as a grifter from the ancestral home of King Coal. He is a man with coal dust in his veins who has used his political skills to enrich himself, not the people of his state. He drives an Italian-made Maserati, lives on a houseboat on the Potomac River when he is in D.C., pals around with corporate CEOs, and has a net worth of as much as $12 million. More to the point, his wealth has been accumulated through controversial coal-related businesses in his home state, including using his political muscle to keep open the dirtiest coal plant in West Virginia, which paid him nearly $5 million over the past decade in fees for coal handling, as well as costing West Virginia electricity consumers tens of millions of dollars in higher electricity rates (more about the details of this in a moment). Virginia Canter, who was ethics counsel to Presidents Obama and Clinton, unabashedly calls Manchin’s business operations “a grift.” To Canter, Manchin’s corruption is even more offensive than Donald Trump’s. “With Trump, the corruption was discretionary — you could choose to pay thousands of dollars to host an event at Mar-a-Lago or not,” Canter tells me. In contrast, Manchin is effectively taking money right out of the pockets of West Virginians when they pay their electric bills. They have no say in it. “It’s one of the most egregious conflicts of interest I’ve ever seen.”

As a citizen of both countries (born in the USA, naturalized in Australia), I am distressed to se how completely both governments have been corrupted by obscenely wealthy special interests at the expense of the vast majority of their citizens. In the best of circumstances this would be bad. But now, our whole species realistically faces potential extinction from a climate emergency triggered by the fossil fuel industry’s many decades of greenhouse gas emissions. Rather than acting to protect their citizens from the emergency, to protect their masters, these puppet governments are impeding and even stopping effective action against the emergency.

The special interests use many tools beyond influencing/controlling our governments to deny, hide, misrepresent, and distract to keep people from from recognizing just how urgent the need for action on climate change is.

Australia is still nominally a democratic nation. In the upcoming Federal Election, we have the option to remove the LNP COALition puppets and their ‘independent’ fellow travelers from power. In their place we can elect candidates who can be trusted to act to solve the climate emergency as their first order of business in Parliament.

We are not telling anyone who they should vote for…. Vote Climate One’s Traffic Light Voting Guide is designed to help you rank all the candidates on your electorate’s ballot to maximize the chance that if your first preference is not elected, at least someone else who supports climate action will be elected and to exclude exclude the possibility that your vote will flow to a special interest puppet if your first ranked candidate is not elected.

Views expressed in this post are those of its author(s), not necessarily all Vote Climate One members.