Saturday, January 24, 2015

A Revenue-Positive Carbon Tax and Investment Program You Can Begin Now



         Time is valuable, especially when it comes to the difficult task of addressing climate change while providing people around the world with the energy they need. Are you frustrated by the pace and proposals of climate and energy talks and searching for solutions that are within your control and enable you to make a difference? Would you like to lower your carbon emissions, save energy and money, invest in clean energy, and help end energy poverty? Here's a one-minute overview of a Do-It-Yourself, revenue-positive carbon tax and investment program to help you achieve your goals, starting now.

1. Cut your CO2 emissions in half over the next decade through energy efficiency, conservation, lifestyle choices, and use of cleaner energy technologies.  Start slow or fast - it's up to you. See valuable how-to links here.

2.Tax yourself with a $5 - $40/ton self-imposed price on carbon. It's easy to make an estimate of your carbon footprint and tax.

3. Save money through your energy savings to offset or complement the tax.
4. Create value by investing your tax and energy savings in companies, institutions and organizations researching, developing, implementing and deploying clean energy solutions. You choose the investments and you receive the returns on those investments.
5.  Go one step farther and contribute a percentage of your tax to organizations and institutions helping to end energy poverty around the world. 

                                            You can make a difference

           For more information on how to start click here.

          Join us  @lawrence_energy  #carbontaxonme






Sunday, January 4, 2015

A Do It Yourself Carbon Tax in 5 Simple Steps


Six weeks ago, I decided to impose a carbon tax on me.  Call it a DIY carbon tax.

I received lots of enthusiastic comments and great ideas for improvement. Many people joined me and together we are reducing our emissions of carbon dioxide, improving our energy efficiency, saving money, investing in cleaner energy and helping to end energy poverty. My thanks for your efforts.

Others were quick to criticize the initiative, suggesting that individuals make little difference, and that it is only through regulation and legislation at a massive scale that CO2 emissions will be reduced. Perhaps. But it is all too easy make demands of others. If you want to see change, you often need to start with yourself.

So, I started with me. You can make the choice to do the same. Then imagine if everyone you know who is concerned about energy, climate and energy poverty initiated their own personal carbon tax.  Imagine the energy savings, the cuts in emissions, the business and research opportunities, the improved lives of people living in energy poverty, and the opportunities for creating wealth and investing in our future.

What is needed now is for a lot more people to actually move beyond imagination - to take up the challenge - and to challenge their friends, family, colleagues and neighbors to do the same.

Here is how my Do It Yourself Carbon Tax works:
  • Cut CO2 emissions by 10 percent next year and 50% over the next decade through energy efficiency, conservation, lifestyle choices, and implementation of new technologies.
  • Tax yourself with a $40/ ton self-imposed price on carbon (or whatever price you feel is most appropriate).
  • Save money through energy efficiency measures to offset or complement the tax.
  • Invest your tax and savings in companies, institutions and organizations researching, developing, implementing and deploying clean energy solutions.
  • Contribute to organizations and institutions helping to reduce energy poverty around the world.
How you can do it:

Step 1: Determine your current CO2 output
You can calculate your personal  CO2 footprint using any number of widely available, free online calculators. See the full proposal for useful links. With the help of these calculators (there are many others) in less than 30 minutes you can determine your personal CO2 output in tons per year.

Step 2: Establish your carbon reduction target
My goal is a 10 percent reduction in my own CO2 emissions in year one and to cut my emissions in half over the next decade. I plan to review my target range annually. There are many ways you can achieve a reduction in your CO2 emissions. For some useful links to  lists of CO2 reduction measures each of us can take, again refer to the original #carbontaxonme proposal.

Step 3:  Apply a price for carbon to your CO2 output and determine your annual carbon tax
Just this past week, in a well-reasoned article in the Financial Times, former U.S. Treasury Secretary Lawrence Summers called for a carbon tax and suggested a price of $25/ton.   I will take a more aggressive approach and impose a personal carbon price of $40/ton CO2 per year on myself. Note that this is well above the price of carbon as traded anywhere in the world.  I will review my personal carbon price annually.

In application then, I simply multiply my carbon price of $40/ton times my calculated CO2 emissions
to arrive at the annual carbon tax.  At the average per capita emissions of CO2 in the US of 17 tons
per annum, the carbon tax would be $680.  With strong energy conservation and efficiency measures you can save money to offset the tax and in many cases will actually come out ahead.  Still, if my proposed $40/ ton carbon tax is too high for your budget, simply consider a lower carbon price, such as Summers' $25 or Microsoft's $6-7. Corporations have disclosed a wide range of prices which you may wish to use as benchmarks:

Step 4:  Save and Invest the tax proceeds
Which brings us to what you can do with your tax proceeds and cost savings? Invest!  As with any investment you can choose between many options, but I will narrow it down to three.

Investment Option 1: Invest in companies that develop, produce and deploy products and services available now to reduce our carbon footprint - solar solutions, efficient wind turbines, high MPGe vehicles, storage, grid and off-grid solutions,  local produce, Socially Responsible Investment funds and energy financing options to name but a few.

Investment Option 2: Invest and support Research and Development with institutions and organizations doing high quality basic and applied research in science and engineering directly related to energy, as well as those addressing broader policy issues.

Investment Option 3: Invest directly in the products and services that reduce your carbon footprint.
Buy solar panels for your home, participate in distributed energy systems, purchase a hybrid or an electric vehicle, support local foods, install efficient lighting. There are many options which will help you save energy and money.

Step 5: Support Organizations Helping to End Energy Poverty:

Use a portion of your tax and savings to invest in organizations that help alleviate energy poverty 
around the world. The world needs energy now, especially in poverty, famine and disease stricken places like sub-Saharan Africa.  Every contribution helps.

Each of us can make a difference. How much of a difference is up to you. Collectively the impact can be massive. Join me now by posting your personal pledge at #carbontaxonme and copy me @lawrence_energy and we'll track our momentum together. Let's watch our contributions add up.

Friday, January 2, 2015

A Time for Giving: Help End Energy Poverty


What can you do to help end energy poverty?

Every week, more than a million new people are born into the world to feed, clothe and shelter.  And the greatest growth in population comes from many of the least developed nations. Today, in this rapidly expanding world, 1.3 billion people have no access to electricity, and nearly 900 million still use unsafe drinking water.  More than 2.5 billion people still rely on biomass, like wood and dung, for cooking.  Energy is crucial to lift people from a life of hardship and poverty.

Traditionally, much of the resource, service provision, investment and technology to address energy poverty is driven by government policy / funding and corporate, institutional and financial sector investment. But as individuals we can each make our own significant contribution - starting now.

For #GivingTuesday,  here is a list of non-profit and charitable organizations all helping to make a difference to help end energy poverty. Consider contributing. The list is not all inclusive nor intended to be a specific endorsement but is a good and efficient starting point.  I hope you find it useful and welcome your additions, critiques and ideas for the list. Thanks in advance for your help.

Select Non-profit Organizations Addressing Energy Poverty:
Ashden Trust: http://www.ashden.org
Energy for All: http://www.energyforall.info
Engineers without Borders http://www.ewb-usa.org/our-story/about-us
Global Alliance for Clean Cookstoves: http://www.cleancookstoves.org
Grid Alternatives: http://www.gridalternatives.org/where-we-work
ImpactCarbon: http://impactcarbon.org
Innovation: Africa http://www.innoafrica.org/projects.html
Light Foundation: http://www.lightfoundation.org/who-we-are
Practical Action: http://practicalaction.org/energy
Sirona Cares: http://www.sironacares.org
SolarAid: http://www.solar-aid.org
Solar Electric Light Fund: http://self.org
Solar Sister: http://www.solarsister.org
STG International: http://www.stginternational.org
Unite to Light: http://www.unite-to-light.org
US Aid http://www.usaid.gov/powerafrica

Select Non-Profit Agencies and Organizations Addressing General Global Poverty And Energy Poverty
CARE: http://www.care-international.org
ONE: http://www.one.org/us/issues/energy/
Rockefeller Foundation: http://www.rockefellerfoundation.org/our-work/current-work/smart-power-india
UNICEF: https://www.unicefusa.org/donate/end-preventable-child-deaths/20281?gclid=CKDsxs_d5sICFc9lfgoddkwAmA
United Nations Foundation: http://www.unfoundation.org/blog/ending-extreme-poverty.html


Diverse Viewpoints and General Information on Energy Poverty:
http://www.cgdev.org/blog/seven-graphics-explain-energy-poverty-and-how-us-can-do-much-more
http://www.one.org/us/energy/
http://www.iea.org/topics/energypoverty/
http://www.se4all.org/our-vision/our-objectives/universal-energy/
http://www.forbes.com/sites/energysource/2014/07/15/its-time-to-flip-the-switch-on-energy-poverty/
http://www.gatesnotes.com/Energy/Powering-the-Fight-Against-Poverty
http://reneweconomy.com.au/2014/sorry-bill-gates-but-you-are-wrong-about-energy-poverty-79861
http://thebreakthrough.org/index.php/voices/michael-shellenberger-and-ted-nordhaus//its-not-about-the-climate/
http://lawrence1energy.blogspot.com/2014/06/energy-pragmatism_17.html
http://en.m.wikipedia.org/wiki/Energy_poverty

One Way to Help Fund Your Contributions to Help End Energy Poverty:
http://lawrence1energy.blogspot.com/2014/11/a-carbon-tax-on-me-how-to-cut-emissions.html


Best wishes to all for a productive, peaceful,and healthy New Year.  Let's see what we can do together to help end energy poverty.