If this is an emergency because we simply can't handle a large increase in yearly major floods, a large increase in yearly strong hurricanes, and a large increase in yearly strong tornadoes, this is a way we could save ourselves. While continuing to do things like shift to electric cars, we could:
The United States could do this alone, but we would probably be joined by the EU and some other nations.
To be eligible to do business, directly or indirectly, in the United States and any nations which joined us, all corporations would be required to use five percent of their joint receipts to build new wind and solar power facilities. They would own the facilities they built so this would be a forced investment rather than a tax or fee.
The Gross World Product is about 60 trillion dollars per year, but not all that cycles through corporate cash flow. Therefore, let us be conservative and assume that this would produce 1.5 trillion dollars per year in new wind and solar power facilities. Wave power could be added if it becomes realistic.
1.5 trillion dollars a year would be 15 times the 100 billion dollars per year target which is under discussion, so would produce a rush of new wind and solar power facilities. The requirement would be the same for all corporations, so there would be a level playing field. In a level playing field where all businesses have the same expense, that expense does not reduce profits.
The amount is actually fairly small compared to what nations are able to come up with in a war. In World War 2 for example, the united States spent a lot more than 5% on war expenses. Global warming is as much a threat to the nation as any war.
Jim
The United States could do this alone, but we would probably be joined by the EU and some other nations.
To be eligible to do business, directly or indirectly, in the United States and any nations which joined us, all corporations would be required to use five percent of their joint receipts to build new wind and solar power facilities. They would own the facilities they built so this would be a forced investment rather than a tax or fee.
The Gross World Product is about 60 trillion dollars per year, but not all that cycles through corporate cash flow. Therefore, let us be conservative and assume that this would produce 1.5 trillion dollars per year in new wind and solar power facilities. Wave power could be added if it becomes realistic.
1.5 trillion dollars a year would be 15 times the 100 billion dollars per year target which is under discussion, so would produce a rush of new wind and solar power facilities. The requirement would be the same for all corporations, so there would be a level playing field. In a level playing field where all businesses have the same expense, that expense does not reduce profits.
The amount is actually fairly small compared to what nations are able to come up with in a war. In World War 2 for example, the united States spent a lot more than 5% on war expenses. Global warming is as much a threat to the nation as any war.
Jim