The big question these days seems to be: is the federal government doing anything
concrete to stop global warming or not?
We hear often that California is leading and that the fed is doing nothing. It is true that the golden state is an eco-star. But is our
nation’s capital only blowing hot air into a green bubble?
Within Heart of Green, I have tried to stay away from politics.
My goal has been to try to elevate green into the realm of universality.
However, one cannot deny forever the connection between the environment and
politics. Our infrastructure, energy, land development, and food supply have all been influenced and $$-subsidized by the policy ghosts of governments past.
Consider these hopeful examples. Republican President Richard Nixon
rang in the New Year in 1970 by signing the National Environmental Policy Act
and creating the EPA. Earth Day was also
founded in 1970 on Nixon’s watch. Although Republican President Reagan like to patronize the Earth, he did
ratify the international Montreal Protocol treaty in 1987 to curb CFCs and
protect the stratospheric ozone layer. Note that Republican Secretary of State
George Schultz was instrumental in this treaty. It is possible to solve a
global environmental problem (like global warming) with political tools and
corporate innovation. The ozone layer proves it.
A modern shade of green is back in the political sphere. As
we fight global warming, we gain energy independence, and vice-versa. Imagine
not having to be tied to unstable Middle East regions for oil. “Green is the new red, white, and blue,” says renowned
columnist Thomas Friedman.
So what is the federal government doing about global warming
and energy dependence? Let’s focus for a
moment on the actions of Speaker of the House Nancy Pelosi, or shall we call
her, Speaker Green.
Speaker Pelosi recently returned from a bipartisan
Congressional delegation to Greenland and Europe. “The purpose of our visit was to see
firsthand the adverse environmental and economic impacts of global warming and
to meet with foreign leaders who are taking action to address one of the
greatest challenges of our time. The
science is undeniable – as is the urgency with which we must act.”
On their trip, they witnessed the accelerated melting of the
Greenland ice cap (drip, drip, crash) and learned that “the amount of ice
breaking off in two days is enough fresh water for New York City for one full year.”
The delegation met with an impressive list of European
leaders including German Chancellor Angela Merkel (head of the G-8) and Prince
Charles’ Corporate Leaders for Climate Change. Another stop was Sir Nicholas
Stern, the author of the influential Stern Report. He recommended that we
invest just 1% of our global gross domestic product now to solve global
warming, rather than waiting and causing climate change to shrink the global
economy by 20% later.
As a result of these meetings, Speaker Pelosi and many
others are now advocating for mandatory, market-based strategies to cut global
warming pollution. Emphasis on the word mandatory. If the goals are simply
voluntary or aspirational, they won’t cut it. Certain businesses will still
cheat. And the businesses that do try to
fix the planet and curtail their CO2 emissions will be put at an unfair economic
disadvantage relative to the polluters, unless consumers shun them of course.
It is important to place an economic value on carbon
so that it can be integrated into corporate financial accounting. If national
cap-and-trade is implemented, then businesses will have a fiduciary duty to
shareholders to reduce CO2 emissions because those reductions will be worth money.
And polluting will cost money.
The delegation heard loud and clear that businesses like
certainty. Create a market for cleantech in which they can invest and operate. Reduce
risk. Per the Speaker, “One message that we received over and over again is
that the industries of Europe are embracing
this [greenhouse gas reductions]. And they want it to be mandatory and not voluntary. They want to know what their
goals have to be. And then they will be able to invest in the new technologies.”
Once there is certainty, capital will gravitate to
cleantech. A boom in green jobs and clean innovations will follow. The winning
cleantech solutions will have a global comparative advantage and will be
exportable to other nations. Do we really want China to develop all of these CO2
solutions before us? And with our trade
deficit at an all-time high, we could use some green goods to export. The value
of the dollar would be grateful. And think of how many U.S. Green Collar Jobs could
be created.
So back to the central question – what is the Speaker and
others under her leadership doing to address global warming and oil dependence? Here is the rundown of activities that
are packing a Green Political Punch at the federal level:
- The Speaker formed the Select Committee on Energy
Independence and Global Warming, chaired by Rep. Ed Markey.
- In the first 100 hours, the House passed H.R. 6 that would roll
back $14 billion in taxpayer subsidies for Big Oil companies (already enjoying
record profits) and shift those resources to clean energy and energy efficiency.
- On March 1, House leadership launched Green The
Capital to reduce energy consumption and develop sustainable
practices for the U.S. Capitol.
- The House will put forth an Energy Independence
legislative package by July 4, a hopeful starting point for a new energy policy.
What Green Solutions can we expect to see from the House? Here are some of the promising changes enthusiastically
endorsed by the Speaker:
Higher Efficiency & Fuel Economy Standards: “Our CAFE standards have not been raised in
20 years. We have gone back from 27 mpg in 1987 to 25 mpg today.” Interestingly, Europe is regulating not mpg but the greenhouse gases from the cars “that will
effectively raise their fuel standards to 43.5 mpg by 2012.” As in Europe, we can expect to see efficiency standards not
only for cars but also for appliances, heating, air conditioning, computers,
and buildings.
Renewable Energy Incentives for wind, solar, and bio-fuels are on the horizon.
A Cap-And-Trade System with mandatory low-enough caps on greenhouse
gas emissions: “This is just a matter of writing a bill” expected in the fall. Cap-and-trade systems
originated in the U.S. to deal with sulfur dioxide and acid rain. We know how to do this.
Carbon Capture & Sequestration: “If no progress is made on how coal is burned
and its CO2 pollution, then global warming just cannot be solved. Sequestration will require technological
advancement and investment.”
In summary, Speaker Pelosi says, “I stand at a place that
says we must reduce our dependence on foreign oil. We must reverse the trend of
global warming. We must do so in a market-based way and with investments in the
technology to shorten the time for us to reach our goals, and we must do it in
a fiscally sound way.”
Stay tuned for green legislation from the House this
summer and more this fall. And not a minute too soon. Green political leadership is a must. We can’t do this
alone. But as Senator Barack Obama said last night, “Don’t underestimate the
power of a grassroots movement to stir political leadership and hold elected
officials accountable for change.”
Now back to our regularly scheduled programming: how to go
green and fabulous environmental events.