The gloom and doom climate crisis permeates our news feeds these days and the warnings and signs are becoming more dire as the weeks pass. This begs the question – “Are we doing enough?” 

It might seem that we’re not. It also seems that we’re in for irreversible consequences of our failing climate (fires, droughts, weather extremes, flooding…), regardless of what is done. Does this warrant a fatalistic response and “que sera sera” attitude? Absolutely not!

We owe it to our children and generations to come to do what we can to mitigate the problem and to halt and reverse what we have caused. There are many things that we can do, are doing, and should continue to expand, e.g., conserving energy, driving less, embracing electric transportation, installing solar…. However, these may not be enough. A broader strategy that is gaining momentum is the “carbon fee and dividend” plan. 

The following Bloomberg article describes how such a plan can impact electric car adoption. In a nutshell, this plan would effectively remove the giant subsidy that the oil industry has been enjoying for a long while. This will result in gas prices rising and the creation of a more level playing field, one where the cost to drive electric will be at a greater cost advantage over ‘dino-cars’.  This can have a greater impact than tax credits for electric vehicles, in my opinion.

Big Oil Doesn’t Like EV Subsidies, Just Its Own Giant Subsidy 

Related Content:

The Basics of Carbon Fee and Dividend

The Way Forward (video)