A Novel Approach to Keystone XL

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But, a lot may depend on the State Department’s final review which is expected to come out in a few months time, with Obama expected to make his ultimate decision later this year.

In March, the State department upset the environmental community when it said that the pipeline will not accelerate the pace of global warming.

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Creating surreal scenes reminiscent of a Hollywood blockbuster, Sandy marked a time when the climate crisis became real for many people. history, two Canada Goose Parka years after the planet’s warmest decade since measurements began in 1850.

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canada goose outlet toronto factory According to Bard Harstad, recent winner of the prestigious environmental economics Erik Kempe prize, governments across the world should pay Canada to keep its tar Canada Goose sale sands oil in the ground. canada goose outlet toronto factory

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His idea makes even more sense when put in the wider context of global efforts to secure a new international green deal in 2015.

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And, canada goose uk shop the two nations are now cheap canada goose jackets locked a new competition to become the world leader in the clean energy race, with Beijing currently out in front after stealing the lead earlier this year. and China manage to spearhead a canadian goose jacket new global green deal, one of the problems that will invariably arise will be the issue of “carbon leakage.”

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canada goose outlet jackets In his report, Hardstad concludes: “Countries outside of the coalition” will only consume more fossil fuels as the coalition reduces buy canada goose jacket its demand for this resource, which in turn makes it cheaper on world markets. This will encourage nonparticipating nations to stock up, and burn even more cheap fossil fuels. canada goose outlet jackets

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canada goose outlet online uk In order to side step around the problem, Harstad suggests that the new treaty should develop a new system whereby nations can buy fossil fuels from other countries and effectively pay them to keep them in the ground: canada goose outlet online uk

“The coalition can then reduce its own supply marginally without fearing that non participants will increase theirs. Consequently, the consumption price is equalized across countries, as are the marginal benefits from consumption.”

canada goose outlet store uk “The policy lesson is that purchasing fossil fuel deposits, with the intention of preserving them, may be the best possible climate policy.” canada goose outlet store uk

canada goose outlet parka He says that if enough countries were on board, overall carbon emissions would be radically reduced. And, the price of polluting fossil fuels would not be distorted, encouraging further investment into renewable energy. canada goose canada goose uk outlet outlet parka

Harstad’s idea isn’t so different from Norway’s current efforts to pay Indonesia $1 billion to stop tearing down its trees. Deforestation uk canada goose outlet is thought to contribute up to 17 percent of global warming as trees store carbon which is then released back into the atmosphere when they are chopped down.

Perhaps this academic from Norway has come up with one of the many novel solutions that our world will require to stave off the worst effects of man made climate change. In cheap canada goose uk Obama’s own words:

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