Have we reached a tipping point towards putting a price on carbon?
The head of the International Monetary Fund (IMF) called for a carbon tax late Wednesday at the IMF/World Bank annual meeting in Lima, Peru. Meanwhile, reports show that more and more places are adopting carbon taxes, in largely successful efforts to use market forces to increase clean energy development.
Climate change is now a “macro-critical” issue, IMF managing director Christine Lagarde said. The wording there is important, because the IMF defines macro-critical issues as “either critical to the achievement of macroeconomic program goals or necessary for the implementation of specific provisions under the IMF’s Articles of Agreement,” the Sierra Club noted Thursday.
If it doesn't happen, serious consequences.
I'm afraid some political events have doomed us to these consequences. The Republican Party will have nothing to do with ameliorating global warming, even though a majority of people including Republicans want to do something. Some people, the wealthy, the Tea Party, are more afraid of the economic consequences of eliminating our oil and coal dependence than they are of the consequences of global warming. And they have control of the Republican Party.
First, the Financial Meltdown which caused a turnover of the control of Congress, both the Senate and the House, as well as legislatures and the governors of many states. They then went about gerrymandering Legislative and Congressional Districts, and passing laws to restrict the ability of mainly Democrats to vote. This is resulting in the Republican control of Congress for the forseeable future. This a very bad stroke of luck for our doing what needs to be done about global warming. It is a great irony that the impact of global warming is going to be felt first in Republican States like Texas, South Carolina, Florida.
We need a political miracle, for the Democrats to take advantage of the chaos in the Republican Party, a real tv star, Donald Trump running for President, and the House unable to elect a Speaker of the House.