Keystone deal could reap other benefits

FROM THE LEFT: CLIMATE CHANGE


I hope the president turns down the Keystone XL oil pipeline. But I don’t think he will. So I hope that Bill McKibben and his 350.org coalition go crazy. I’m talking chain-themselves-to-the-White-House-fence-stop-traffic-at-the-Capitol kind of crazy, because I think if we all make enough noise about this, we might be able to trade a lousy Keystone pipeline for some really good systemic responses to climate change.

Face it: The last four years have been a net setback for the green movement. While President Barack Obama deserves real praise for passing a historic increase in vehicle mileage efficiency and limits on the emissions of new coal-fired power plants, the president also chose to remove the term “climate change” from his public discourse and kept his talented team of environmentalists in a witness-protection program, banning them from the climate debate. This silence coincided with record numbers of extreme weather events — droughts and floods — and with a huge structural change in the energy marketplace.

What was that change? Put simply, all of us who had hoped that scientific research and new technologies would find cheaper ways to provide carbon-free energy at scale — wind, solar, bio, nuclear — to supplant fossil fuels failed to anticipate that new technologies (particularly hydraulic fracturing and horizontal drilling at much greater distances) would produce new, vastly cheaper ways to tap natural gas trapped in shale as well as crude oil previously thought unreachable, making cleaner energy alternatives much less competitive.

It’s great that shale gas is replacing coal as a source of electricity, since it generates less than half the carbon dioxide. As the oil economist Philip Verleger Jr. notes in the latest edition of the journal International Economy, these breakthroughs will also lead to much more oil and gas at lower prices, which will help American consumers, manufacturers and jobs. But, he adds, “it will be harder and harder to push for renewable energy programs as hydrocarbon prices fall,” and “the new technologies that allow us to tap shale oil and shale gas could release vast quantities of methane” if not done properly. Methane released in the atmosphere contributes much more to climate change than CO².

If Keystone gets approved, environmentalists should have a long shopping list ready, starting with a price signal that discourages the use of carbon-intensive fuels in favor of low-carbon energy. Nothing would do more to clean our air, drive clean-tech innovation, weaken petro-dictators and reduce the deficit than a carbon tax. One prays this will become part of the budget debate.

Also, the president can use his authority under the Clean Air Act to order reductions in CO² emissions from existing coal power plants and refiners by, say, 25 percent. He could then do with the power companies what he did with autos: negotiate with them over the fairest way to achieve that reduction in different parts of the country.

We also need to keep the president’s feet to the fire on the vow in his State of the Union address to foster policies that could “cut in half the energy wasted by our homes and businesses over the next 20 years.” About 30 percent of energy in buildings is wasted.


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