Note: the Senate won't begin taking up Waxman-Markey until September.  
September, warm days, cool nights and probably 10% unemployment.  Not exactly 
perfect timing for the world's greatest debating society to take action.  If 
the bill dies in the Senate, most likely Copenhagen will turn out to be one 
great vacation for delegates from more than 150 nations and not much else.  To 
get REAL action like that proposed by Hansen, an environmental 911 is 
necessary.  But, Osama doesn't do climate.  So we have to wait for nature to 
act.  And act she will.

http://www.huffingtonpost.com/dr-james-hansen/g-8-failure-reflects-us-f_b_228597.html

G-8 Failure Reflects U.S. Failure on Climate Change
Jim Hansen is director of the NASA Goddard Institute for Space Studies, but he 
writes on this policy-related topic as a private citizen. 
It didn't take long for the counterfeit climate bill known as Waxman-Markey to 
push back against President Obama's agenda. As the president was arriving in 
Italy for his first Group of Eight summit, the New York Times was reporting 
that efforts to close ranks on global warming between the G-8 and the emerging 
economies had already tanked: 


  The world's major industrial nations and emerging powers failed to agree 
Wednesday on significant cuts in heat-trapping gases by 2050, unraveling an 
effort to build a global consensus to fight climate change, according to people 
following the talks.

Of course, emission targets in 2050 have limited practical meaning -- present 
leaders will be dead or doddering by then -- so these differences may be 
patched up. The important point is that other nations are unlikely to make real 
concessions on emissions if the United States is not addressing the climate 
matter seriously. 

With a workable climate bill in his pocket, President Obama might have been 
able to begin building that global consensus in Italy. Instead, it looks as if 
the delegates from other nations may have done what 219 U.S. House members who 
voted up Waxman-Markey last month did not: critically read the 1,400-page 
American Clean Energy and Security Act of 2009 and deduce that it's no more fit 
to rescue our climate than a V-2 rocket was to land a man on the moon. 

I share that conclusion, and have explained why to members of Congress before 
and will again at a Capitol Hill briefing on July 13. Science has exposed the 
climate threat and revealed this inconvenient truth: If we burn even half of 
Earth's remaining fossil fuels we will destroy the planet as humanity knows it. 
The added emissions of heat-trapping carbon dioxide will set our Earth 
irreversibly onto a course toward an ice-free state, a course that will 
initiate a chain reaction of irreversible and catastrophic climate changes. 

The concentration of CO2 in our atmosphere now stands at 387 parts per million, 
the highest level in 600,000 years and more than 100 ppm higher than the amount 
at the dawn of the Industrial Revolution. Burning just the oil and gas sitting 
in known fields will drive atmospheric CO2 well over 400 ppm and ignite a 
devil's cauldron of melted icecaps, bubbling permafrost, and combustible 
forests from which there will be no turning back. But if we cut off the largest 
source of carbon dioxide, coal, we have a chance to bring CO2 back to 350 ppm 
and still lower through agricultural and forestry practices that increase 
carbon storage in trees and soil. 

The essential step, then, is to phase out coal emissions over the next two 
decades. And to declare off limits artificial high-carbon fuels such as tar 
sands and shale while moving to phase out dependence on conventional petroleum 
as well. 

This requires nothing less than an energy revolution based on efficiency and 
carbon-free energy sources. Alas, we won't get there with the Waxman-Markey 
bill, a monstrous absurdity hatched in Washington after energetic insemination 
by special interests. 

For all its "green" aura, Waxman-Markey locks in fossil fuel business-as-usual 
and garlands it with a Ponzi-like "cap-and-trade" scheme. Here are a few of the 
bill's egregious flaws: 

  a.. It guts the Clean Air Act, removing EPA's ability to regulate CO2 
emissions from power plants. 

  b.. It sets meager targets -- 2020 emissions are to be a paltry 13% less than 
this year's level -- and sabotages even these by permitting fictitious 
"offsets," by which other nations are paid to preserve forests - while logging 
and food production will simply move elsewhere to meet market demand. 


  c.. Its cap-and-trade system, reports former U.S. Undersecretary of Commerce 
for Economic Affairs Robert Shapiro, "has no provisions to prevent insider 
trading by utilities and energy companies or a financial meltdown from 
speculators trading frantically in the permits and their derivatives." 


  d.. It fails to set predictable prices for carbon, without which, Shapiro 
notes, "businesses and households won't be able to calculate whether developing 
and using less carbon-intensive energy and technologies makes economic sense," 
thus ensuring that millions of carbon-critical decisions fall short.

There is an alternative, of course, and that is a carbon fee, applied at the 
source (mine or port of entry) that rises continually. I prefer the 
"fee-and-dividend" version of this approach in which all revenues are returned 
to the public on an equal, per capita basis, so those with below-average carbon 
footprints come out ahead. 

A carbon fee-and-dividend would be an economic stimulus and boon for the 
public. By the time the fee reached the equivalent of $1/gallon of gasoline 
($115/ton of CO2) the rebate in the United States would be $2000-3000 per adult 
or $6000-9000 for a family with two children. 

Fee-and-dividend would work hand-in-glove with new building, appliance, and 
vehicle efficiency standards. A rising carbon fee is the best enforcement 
mechanism for building standards, and it provides an incentive to move to ever 
higher energy efficiencies and carbon-free energy sources. As engineering and 
cultural tipping points are reached, the phase-over to post-fossil energy 
sources will accelerate. Tar sands and shale would be dead and there would be 
no need to drill Earth's pristine extremes for the last drops of oil.

Some leaders of big environmental organizations have said I'm naïve to posit an 
alternative to cap-and-trade, and have suggested I stick to climate modeling. 
Let's pass a bill, any bill, now and improve it later, they say. The real 
naïveté is their belief that they, and not the fossil-fuel interests, are 
driving the legislative process. 

The fact is that the climate course set by Waxman-Markey is a disaster course. 
Their bill is an astoundingly inefficient way to get a tiny reduction of 
emissions. It's less than worthless, because it will delay by at least a decade 
starting on a path that is fundamentally sound from the standpoints of both 
economics and climate preservation. 

Former Defense Secretary Robert McNamara, who died this week, suffered for 40 
years -- as did our country -- from his failure to turn back from a failed 
policy. As grave as the blunders of the Vietnam War were, the consequences of a 
failed climate policy will be more severe by orders of magnitude. 

With the Senate debate over climate now beginning, there is still time to turn 
back from cap-and-trade and toward fee-and-dividend. We need to start now. 
Without political leadership creating a truly viable policy like a carbon fee, 
not only won't we get meaningful climate legislation through the Senate, we 
won't be able to create the concerted approach we need globally to prevent 
catastrophic climate change.


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