Jeffrey Sachs urges lawmakers to resist the fossil fuel lobby’s efforts to maintain a high carbon economy.
“American politicians have proved to be incapable of designing policies to shift the US to low-carbon energy use. Such policies would include a rising tax on CO2 emissions, large-scale research-and-development efforts in low-carbon technologies, a shift to electric vehicles, and regulations to phase out all coal-fired power plants except those that install CCS.”
“The path to deep decarbonization is open to us. Yet time is very short. The world needs to stop building new coal-fired power plants (except those that implement CCS) and to shift to low-carbon electricity. It needs to phase out the internal combustion engine for almost all new passenger vehicles by around 2030, shifting to vehicles powered by electricity. And it needs to adopt energy-saving technologies that consume less commercial energy. The technologies are available and will get better and cheaper with use, if only fossil-fuel lobbies can be held at bay.”