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Acid Rain Reduction Credits

Thomas H. Tietenberg-1989-03-01-Challenge
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TL;DRAbstract

several decades, which means that if we could stop the rise in the proportion of * 'greenhouse gases' ' in the atmosphere today, average world temperature would still go on rising (at a slowing rate) for 20 to 30 years. To actually stabilize world temperature before then we must do even better than this! Such a project must involve the following: (a) a drastic revision of energy production, with solar and nuclear power the most acceptable candidates for support (provided we can solve the problem of nuclear waste); (b) a vast reforestation campaign worldwide, including payments by the rich countries to rapidly reverse the ongoing destruction of tropical forests. The alternative is a drastic slowdown, or even reversal, of worldwide GDP growth. It appears then that we may be confonting the ultimate social cost, one from which there is no geographical escape. Governments, and concerned citizens, should urgently begin to concentrate minds on how to implement (a) and (b); the rapid phasing o

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several decades, which means that if we could stop the rise in the proportion of * 'greenhouse gases' ' in the atmosphere today, average world temperature would still go on rising (at a slowing rate) for 20 to 30 years. To actually stabilize world temperature before then we must do even better than this! Such a project must involve the following: (a) a drastic revision of energy production, with solar and nuclear power the most acceptable candidates for support (provided we can solve the problem of nuclear waste); (b) a vast reforestation campaign worldwide, including payments by the rich countries to rapidly reverse the ongoing destruction of tropical forests. The alternative is a drastic slowdown, or even reversal, of worldwide GDP growth. It appears then that we may be confonting the ultimate social cost, one from which there is no geographical escape. Governments, and concerned citizens, should urgently begin to concentrate minds on how to implement (a) and (b); the rapid phasing o

Keywords

ReforestationNatural resource economicsFossil fuelGreenhouse gasAtmosphere (unit)PaymentNuclear powerGreenhouse effect

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