After
running a fever for a while and noticing abnormal aches and pains, you
see a specialist. The doctor examines you, runs tests, and says you
have a serious disease. Without immediate treatment, it will worsen
over time and be harder, if not impossible, to cure.
Since
the treatment is unpleasant and will cost money that you would rather
spend on other things, you decide to get a second opinion. Same
warning, same prescription.
You
ask for a third, fourth, and fifth opinion. Same answer.
After
visiting nine specialists, you visit a 10th doctor who tells you what
you want to hear—that all of the other specialists are wrong, your
health is fine, and you can forget the whole thing.
Now
you can get on with your life. You saved a lot of money. You and your
family have nothing to worry about.
Or
do you?
We
have all been exposed to “cap and tax” rhetoric from the talk-radio
crowd, Fox News, and Republican leaders in Congress demonizing the
climate bill that passed the House of Representatives in June and is
now being considered in the Senate. You have probably heard claims that
the bill would greatly increase energy costs, enrich Wall Street at our
expense, and wreck the economy.
For
the most part, these attacks are coming from people who do not believe
that carbon dioxide emissions generated by burning fossil fuels are
causing climate change. They choose to ignore the nine doctors and
listen only to the tenth doctor, because that is the diagnosis they
want to hear.
The
inflated cost numbers that they attach to the climate bill are ginned
up by groups like the Heritage Foundation, which share their skepticism
about climate change. These “estimates” are the result of cherry-picked
data and contrived assumptions that shape the numbers to fit with the
skeptics’ political agenda. They differ greatly from estimates provided
by the Congressional Budget Office (CBO) and the Environmental
Protection Agency (EPA).
REP SUPPORT FOR
ACES
The
American Clean Energy and Security Act (ACES) is not the climate bill
that Republicans for Environmental Protection would have written. It is
overly complex and overly prescriptive. It symbolizes the old joke that
equates drafting legislation with sausage making. It is not easy to
watch.
At
the end of the day, however, REP praised the eight House Republicans
who voted in favor of ACES. Their support was crucial to passing the
bill and sending it on to the Senate, which has an opportunity to
improve the bill if senators on both sides of the aisle act responsibly.
We
concluded that, despite the bill’s flaws, passing ACES was the right
thing for the House to do. Further delays in limiting greenhouse gas
emissions are not acceptable. Nor can America wait any longer to begin
reducing our country’s dangerous dependence on oil.
Had
Republican leaders rallied behind a GOP alternative that would actually
reduce greenhouse gas emissions, such as a revenue-neutral carbon tax,
a cap and dividend proposal, or Senator John McCain’s cap and trade
plan, REP would be pushing it enthusiastically. They didn’t. Instead
they dusted off a bunch of old energy production proposals, such as
drilling in the
Arctic National Wildlife Refuge, slapped them together as an
alternative, and ignored climate entirely.
THE COST OF
INACTION
Ignoring
climate change is not an option. The weight of evidence indicates that
the impacts of climate change are hitting earlier and harder than
scientists had projected only two years ago. As serious as the 2007
projections were, they understated the threat.
In
a joint statement released in June, the national science academies of
the United States and 12 other large nations reported:
“Climate
change is happening even faster than previously estimated; global
(carbon dioxide) emissions since 2000 have been higher than even the
highest predictions, Arctic sea ice has been melting at rates much
faster than predicted, and the rise in the sea level has become more
rapid. Feedbacks in the climate system might lead to much more rapid
climate changes. The need for urgent action to address climate change
is now indisputable.”
In
another statement, the science academies of the U.S. and more than five
dozen other countries, large and small, indicated that carbon dioxide
emissions are causing the world’s oceans to become more acidic, which
could lead to irreversible damage to fisheries that supply protein-rich
food to millions of people.
You
can download
and read the statements for yourself.
Doing
nothing about greenhouse gas emissions would result in greater risk of
extreme weather, damage to natural resources, and threats to public
health. A study released earlier this year by a group of climatologists
concluded that the trigger point for risks, including the risk of
pushing the climate system past dangerous tipping points, is at lower
emissions levels than scientists had estimated as recently as 2001. In
other words, we have less of a margin for error. Delaying action could
result in higher costs and more damaging consequences sooner than we
had earlier believed.
Reducing
emissions will not be a free lunch, as some Democrats and environmental
organizations imply. However, analyses by CBO and EPA show that the
costs would be manageable, shaving the gross domestic product by less
than 1 percent.
Importantly,
those analyses are conservative to a fault. They compare the costs of
implementing climate legislation to a business-as-usual scenario that
assumes no costs of inaction.
In
the real world, however, there would be significant costs of doing
nothing, as the best available climate science has concluded.
Doug
Holtz-Eakin, domestic policy adviser to the McCain campaign last year,
wrote on NewMajority.com:
“The
balance of risks says to do something. In the end, it comes down to
paying a price to raise the odds of a better future for our children,
nation, and globe. Aren’t conservatives the breed most dedicated to
fighting the costly fights and taking the difficult stands to achieve
this goal?”
Holtz-Eakin
reminded his fellow Republicans that “conservatives favor preserving
freedom of opportunity for the generations to follow.” It would not be
conservative to play fast and loose with our environmental inheritance
today and leave it for future generations to pick up the pieces.
ENERGY SECURITY
Climate
change and national security are closely related. A report published in
May by a panel of retired U.S. generals and admirals warned that
climate change would be a “threat multiplier” and urged the federal
government to push the development of low-carbon technologies.
Admiral
Joseph Lopez, U.S. Navy (Ret.), former commander-in-chief of U.S. naval
forces in Europe, pointed out that climate change increases the odds of
destabilizing events, such as droughts and violent weather, in
“regions of the world that are already fertile ground for extremism.”
Waiting
for perfect information about climate change before acting would be a
prescription for disaster, said another one of the panelists, General
Gordon Sullivan, U.S. Army (Ret.), former Army chief of staff. As
General Sullivan put it:
“If
you wait until you have 100 percent certainty, something bad is going
to happen on the battlefield... You have to act with incomplete
information. You have to act based on the trend line.”
Oil
usage accounts for about 36 percent of total U.S. greenhouse gas
emissions. Oil dependence is a threat to national security, because our
demand for petroleum supports hostile regimes and exposes our economy
to unpredictable price spikes. That dependence will worsen in the
absence of action, especially once the economy begins to recover and
energy demand resumes rising.
Even
with its economy in a weakened state, the U.S. accounts for more than
22 percent of global oil consumption. Our share of global oil
production, however, is less than 8 percent and our share of proven
global reserves is less than 3 percent, according to the latest edition
of BP’s Statistical Review of World Energy.
Consequently,
there is no realistic prospect that “drill, baby, drill” could
unshackle the U.S. from the global oil market, its price volatility,
and the baleful influence of unfriendly petroleum-exporting regimes. As
Vice Admiral Dennis McGinn, U.S. Navy (Ret.) testified to the Senate
Foreign Relations Committee on July 21:
“We
simply do not have enough resources in this country to free us from the
stranglehold of those who do. We find ourselves entangled with
unfriendly rulers and undemocratic nations simply because we need their
oil.”
Only
a concerted effort to commercialize new fuels and drive technologies
could free our transportation systems from their near total dependence
on petroleum.
Doing
nothing about oil dependence raises the odds that Americans will be hit
with damaging price spikes like 2008’s, when petroleum surged to $140
per barrel. Doing nothing about oil dependence perpetuates U.S.
vulnerability to hostile regimes.
CAP AND INNOVATION
How
would ACES address the related problems of greenhouse gas emissions and
oil dependence?
By
instituting an emissions cap, the bill would send a price signal to
energy markets that releasing carbon dioxide into the atmosphere
imposes costs on human society and the environment. A carbon cap is not
a “tax,” as demagogic rhetoric from congressional Republican leaders
would have voters believe. Instead, a cap amounts to paying for CO2’s
costs. “You’re being charged a fee for the damage you’re
doing to the environment,” J. Wayne Leonard, CEO of
Entergy, which owns electric utilities in the South, said in a recent
media interview.
A
number of large utilities, including some that depend on carbon-rich
coal for a significant portion of their resource portfolios, support a
legislated cap on carbon emissions. Their executives have pointed out
repeatedly that setting out clear rules would enable their companies to
plan investments in energy infrastructure that both reduces emission
and stimulates the growth of new industries in low-carbon energy
technologies.
Duke
Energy is the third largest consumer of coal in the United States.
Duke’s CEO, Jim Rogers, told the Senate Foreign Relations Committee at
a May 19 hearing that certainty creates opportunity:
“The
right comprehensive energy and carbon legislation can provide not only
the certainty and rules of the road by which we can plan, build and
compete, it will also protect consumers, help us advance efficiency and
alternative technology efforts, and all while cleaning up the
environment.”
At
the committee hearing, Rogers made it clear that other countries are
not sitting around waiting for the U.S. to make up its mind about
developing low-carbon technologies. He quoted an estimate from the
research firm New Energy Finance that the global market for low-carbon
technologies could reach $600 billion by 2020. “Without a
U.S. carbon program, we will not be participating in this lucrative
market,” Rogers told the committee.
THE BOTTOM LINE
Further
delay would put climate legislation into the spin cycle of the 2010 and
2012 campaigns. Posturing for 2010 already has begun. Once the campaign
gets going in earnest, Congress will be consumed with electoral
politics for the better part of the next three years.
In
sum, the costs of doing nothing about climate change are high. Climate
change is real and the impacts are hitting home faster than we
anticipated. It is linked to our heavy dependence on oil and other
fossil fuels that create a subset of economic and national security
risks that urgently command our attention.
Doing
nothing about climate change would be a disservice to our country, its
citizens, and our unborn descendants. As conservatives, we believe that
we owe them the duty of being good stewards of our natural endowment,
including a stable atmosphere. A great, enterprising country that built
the transcontinental railroad, dug the Panama Canal, won two world
wars, and put men on the moon can deal with climate change more
effectively than any other country in the world. All that’s needed is
the will to act.
We
applaud the House Republicans who put country ahead of partisan
political agendas and voted to pass ACES and send it to the Senate. (See
Proud
to Praise 'Em!)
We
urge the Senate’s Democratic leaders to work in good faith with
Republican senators who take climate change seriously and have thought
through balanced ideas for reducing greenhouse gas emissions. Working
together, they can improve ACES and give America a climate bill to be
proud of.