Hansen: NYTimes business columnist ‘doesn’t understand basic economics’ | JunkScience.com
James Hansen hits back at Joe Nocera for today’s column.From Hansen's response (PDF):
The climate science is crystal clear...The economics is crystal clear. We are all better off if fossil fuels are made to pay their honest costs to society...So after ten years, each U.S. man, woman and child needs to pay $115 per ton of CO2 emissions? At 20 tons annually per person, for a family of four, that's $9,200 per year. If we've actually reduced per-person emissions by 30% in ten years, that's still $6400 for that family of four.
An economic analysis indicates that a tax beginning at $15/tCO2 and rising $10/tCO2 each year would reduce emissions in the U.S. by 30% within 10 years.