George Shultz's Washington Post 3/15/15 opinion article, A Reagan Approach to Climate Change (A 19), urges Republican action by citing what his former boss would do. As Reagan's Secretary of State, Mr. Shultz wisely opts for responding to recent evidence by taking an insurance policy out in the form of a carbon tax. Both Conservatives and Liberal economists have widely supported such a market based approach. Factoring national security and scientific facts. Mr. Shultz urges to stimulate private capital in case of worse case scenarios causing serious harm.
Both solar and wind power have proven their effectiveness. A recent Department of Energy report thinks wind power could fill one-third of the U.S. needs by 2050. However favorable tax breaks are needed to support these turbines. DOE cites that a shift to wind would result in a net price increase of about 1 percent for consumers in the next fifteen years and would provide an overall savings of 2 percent by 2030.
Mr. Shultz urges for leveling the playing field to combat carbon emissions. Let’s hope other Republican leaders take notice of this respected leader. Our country and the world can no longer afford to wait. Please Congress invest in some form of environmental social security and new green jobs.
There is too much at stake not to best manage our natural resources without some sort of financial assurances. If we save now we will benefit latter. Investing in lessening environmental risks and stimulating new green enterprises makes wise business sense. Especially if you have grandchildren.