Bette Korber’s letter “Green New Deal an Opportunity” (Rio Grande SUN, Feb. 22, page A7) gets it right. We must reach carbon neutrality by 2030 or face runaway global warming, which could cost hundreds of trillions of dollars, causing “global economic collapse,” followed by “societal collapse” (National Academy of Sciences, IPCC, US Climate Assessment 2018).
The Green New Deal can meet that 2030 deadline, while creating millions of good-paying, permanent, local green jobs with union benefits (Stanford University’s solutonsproject.org). That’s because the New Deal can actually reverse global warming by using proven farming and grazing best practices that turn the soil into a giant carbon sink (yale.edu).
No wonder the Green New Deal has “overwhelming support” (81 percent) from voters in both parties (Yale, Monmouth, and George Mason University polls, as reported in “The Hill”).
We can pay for the Green New Deal with a bill already in Congress (HR 7173) called “Carbon Dividends.” It will tax fossil fuel corporations out of existence and give all the tax money to the taxpayers in equal monthly “carbon dividend” checks, adding $75-80 billion annually to our Gross National Product.
Canada’s done it for a decade. “Canada passed a carbon tax that will give most Canadians more money” (The Guardian).
Solar and wind energy now costs less than any fossil fuel (Forbes, Lazard, IEA, IRENA) and their prices, along with those of energy storage, will keep plummeting as they scale up (Scientific American). “Carbon Dividends” also has a provision that can make other nations cut their emissions as fast as we do. You can see details at citizensclimatelobby.org.