October 30, 2008

Global Warming: Kyoto Protocol?

(a continuation) If every country not only participated in the signing of the Kyoto Treaty, but actually adhered to it, we would delay the 4.7 degree Farenheit increase expected over the next century by five years. Instead of getting there at 2100, we'd get there at 2105. Some people argue that the treaty is more symbolic than practical, and that it's a great opportunity to get universal buy-in on this global problem, to start doing SOMETHING. So, that begs the question, is there a better something we should be pushing for? Proponents of Kyoto talk about how the treaty will encourage eco-friendly technology investments, while cutting down heat deaths, malaria outbreaks and floods. This is all true. At the estimated cost of an estimated $180 billion a year. If these are the real consequences we're trying to prevent, is there a way to be more efficient with our resources, and fight these fights directly? Preventing malaria through vaccinations and mosquito nets, preventing flooding through improved levee systems, preventing carbon-emissions by increasing eco-friendly R&D? All for much, much less money, and with much, much better results. Isn't a wealthier world going to be better prepared to tackle the real problems of global warming? For instance, in the 1920s, one of the malaria hotbeds in the world was Missouri. Today, it's gone. Wealth killed it.
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October 29, 2008

Global Warming: Carbon Tax?

(a continuation) Companies aren't legally allowed to dump toxins in the ocean, because of the third-party costs associated with it. They'd be getting free disposal, while poisoning the water, affecting fish, other wildlife and humans. So, if carbon emissions are destructive in a similar way, shouldn't this bear a financial responsibility? A $2/ton carbon tax roughly estimates the damage caused by carbon emissions. Yet, some people suggest instituting a $140/ton tax on carbon emissions because this would help curb global warming faster. This is true, but: A) is it right to arbitrarily tax someone that much higher than what their output is causing? B) are the benefits worth it? for instance, we could lower the speed limit to 5 mph and drastically decrease traffic accidents, but there are costs associated with this C) how much easier will it be to get countries around the world on board with a $2/ton carbon tax as opposed to the larger one? Because frankly, not many countries are going to be willing to accept an economic penalty when countries they compete against aren't?
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