Climate Change Responsibility
Climate Change Responsibility Please respond to the following: Analyze the role that corporations have played in the global climate change debate to determine if they have acted ethically or not. Provide specific examples to support your response. Determine who is best prepared to take responsibility for addressing climate change issues “ individuals, scientists, environmentalists, shareholders, corporations, governments, or some other entity. Explain your rationale.Climate Change Responsibility
Yet one issue with a carbon tax relates to the reason why it works to begin with — it affects both producers and consumers of fossil fuels. Given the fossil fuel industry’s historical role in blocking legislative efforts to combat climate change and sowing public doubt about the crisis, it might seem unfair to tax individuals as well as industry.
However, Furman pointed out that a carbon tax would result in a huge amount of money for the federal government. He proposed that this money could be given back to individual consumers in the form of a rebate to compensate for increased fuel and electricity prices. This would enable the carbon tax to effectively shift the economy away from fossil fuel reliance, while alleviating a perhaps undue burden on consumers.
Ultimately, removing subsidies for fossil fuels and implementing a carbon tax with a consumer rebate are strong first steps towards fighting climate change. This move would effectively hold the fossil fuel industry accountable for its emissions track record and efforts to divert climate action.
While it remains important for individuals to make more sustainable consumer choices, they must also be aware of such changes’ limited efficacy. To effectively act on climate change, it seems that people must focus more on organizing for large-scale solutions like a carbon tax.
Holding the fossil fuel industry accountable becomes more complex when one considers that most of the companies are diversified into various products, which are not all equally harmful to the environment. Jason Furman, former Obama administration economic adviser and professor of economic policy at the Harvard Kennedy School, told the HPR that the expansion of natural gas use, spearheaded by the same corporations being sued, has been the “single biggest reason why U.S. emissions peaked in 2005 and why U.S. emissions are down substantially since 2005.”
However, while natural gas might be a helpful addition to the energy sector, other products like coal could be phased out quickly, according to Furman. This disparity in the sustainability of fossil fuel companies’ present efforts at energy transition leaves in question the extent to which they should be penalized, even given their historic contributions to the climate crisis.