Expensive-r gas

I saw this article in the Guardian UK over the weekend, which features Dr. James Hansen of Goddard Institute of Space Studies waxing darkly about green:

Hansen said current carbon levels in the atmosphere were already too high to prevent runaway greenhouse warming. Yet the levels are still rising despite all the efforts of politicians and scientists.

Only the US now had the political muscle to lead the world and halt the rise, Hansen said. Having refused to recognise that global warming posed any risk at all over the past eight years, the US now had to take a lead as the world’s greatest carbon emitter and the planet’s largest economy. Cap-and-trade schemes, in which emission permits are bought and sold, have failed, he said, and must now be replaced by a carbon tax that will imposed on all producers of fossil fuels. At the same time, there must be a moratorium on new power plants that burn coal – the world’s worst carbon emitter.

It’s a cheeky lede and all, but the point is taken. All you Nether-philes out there, get serious about getting serious. But then the chorus about a global economic slowdown and its effects on measures to counteract rapidly-advancing climate change pipes in.

Governments are putting plans aimed at mitigating carbon dioxide emissions on hold at a time when concerns are focused on finance rather than ecology and when the collapsing price of oil and gas is undermining incentives to invest in renewable energy.

Another blow to the sector is the tumbling price of permits for emitting carbon dioxide, the main greenhouse gas. In countries where emitters must buy these permits, like those in the European Union, low prices mean emitters have fewer incentives to make their production process more efficient or move to less greenhouse gas intensive fuels.

So… let’s say we have identified a dependable correlation between the price of gas (natural or petrol) and the value of carbon-emitting permits, such that as the price of gas falls, efforts to raise efficiency AND demand for carbon permits also flag. What to do? Call the psychic hotline? Follow your heart?

How about we look into this conundrum and… wait for it: raise the price of gas ON PURPOSE!

Brilliant. villainous. sneaky. shrewd. under-handed. UnAmerican. Exactly.