The votes have been counted and we have a result. Donald Trump will be our next president. For the second time in the last 16 years a Democrat drew more votes than the Republican only to lose to the vote in the electoral college. Secretary Clinton out polled Mr Trump by 2.8+ million votes, more than a 2 % margin.
If President Trump follows through on only a portion of what Candidate Trump said, it will be trying times for the world climate and the environment. Based on his dismissive attitude towards global warming, it is likely that the Paris Accord signed by Obama will be scrapped. World leaders meeting currently in Morocco are constructing the details of how to implement the international law. The objective is to reduce carbon emissions to prevent the temperature of earth from rising more than 2 degrees Celsius (3.6 degrees Fahrenheit)
Whether he makes a pronouncement to abandon the accord or not, his avowed policy of expanded use of fossil fuels, coal in particular, will make meeting carbon reduction goals impossible. The US has pledged to reduce carbon emissions by 27 % compared to 2005 levels. The United States alone is responsible for over 20% of total global carbon emissions, and our target will reduce our share proportionately.
The only thing that may constrain his proposed expansion of the use of coal is economics. Cheap natural gas has undercut the price of electric generation from coal. Burning natural gas to produce electricity produces lower carbon emissions per unit of energy produced, hence replacing coal with natural gas will result in lower emissions.
Inaction has two damaging effects. First, not meeting our goal will seriously impair the attempts to stabilize the climate. The US and China alone account for nearly half of the global warming gasses. For us to not participate means one fifth of the global goal won’t be met.
Not participating also has a profoundly negative impact on international relations. Like it or not we live in a global economy and the only way a global economy works is if we all play by the same rules. Many other international laws protect us through other country’s participation: Whaling, fishing, hazardous waste disposal, illicit drugs, and the list goes on. Do we really want to tell the rest of the world we don’t care?
Meanwhile to our north, Canada will begin taxing carbon as a mechanism to reduce carbon emissions. An initial tax of 7.62 dollars Canadian per metric ton of carbon. At this rate it would add about a dollar to the price of a barrel of crude oil, currently around 44 dollars. Each year until 2022 the price will go up by 7.62 dollars till the tax reaches 38 dollars per ton. All fossil fuels – natural gas, oil and coal will be taxed.
We could do the same, in fact previous republican administrations have called revenue neutral carbon taxes a free enterprise way to manage the cost of pollution.