McCain’s Plan for Fighting Global Warming

September 29, 2008

Nuclearplant175 I know that everybody is worked up right now about the Wall Street mortgage crisis and what sort of leadership Barack Obama and John McCain will show regarding the Bush administration’s proposed $700 billion federal bailout, the cost of which will be borne by taxpayers. While that’s a pretty tall stack of deceased presidents, in my view, it’s not the campaign issue with the biggest ultimate consequences, both in terms of economics and impact on our way of life. No, that would be the issue of global warming, and what to do about it. Look at it this way. According to a Natural Resources Defense Council study, if we don’t do something to slow the rate of climate change, by the end of this century the U.S. will be spending $950 billion annually just to cope with water shortages. That’s the equivalent of taxpayers having to bail out Wall Street every single year.

Of course, the U.S. wouldn’t be the only nation to feel the pain. In a 2006 study for the British government, economist Sir Nicholas Stern forecast that in coming decades, the effects of climate change — from flooded cities to withered cropland — could cause the global economy to shrink by an astonishing 20 percent. As Stern wrote:

The evidence shows that ignoring climate change will eventually damage economic growth. Our actions over the coming few decades could create risks of major disruption to economic and social activity, later in this century and in the next, on a scale similar to those associated with the great wars and the economic depression of the first half of the 20th century. And it will be difficult or impossible to reverse these changes.

Another 2007 study by British scientists warned that we have to take action over the next 10 years to avert this global catastrophe. That means we can’t afford to have another U.S. president like George W. Bush, who not only pulled the U.S. out of the 1997 Kyoto accord, the first international effort to fight climate change, but actually censored reports by government scientists to play down the role of greenhouse gas emissions in global warming. Fortunately, this time around, at least, both candidates acknowledge that climate change is a problem that can’t be ignored. But which one has the best plan and is most likely to actually accomplish it?

I want to give each candidate the space he deserves, so this week we’ll look at what McCain is proposing. Next week, we’ll look at Obama’s ideas.

McCain deserves a certain amount of credit for even daring to take a position on this issue, since a May 2008 poll showed that only 27 percent of Republicans believe that humans are causing global warming, and fewer than half even believe that the Earth’s temperature has been rising at all.  Nevertheless, during the New Hampshire primary campaign in January, with his candidacy on the line, McCain proclaimed that “I will make global warming a priority.” That earned him derision from talk-radio bloviator Rush Limbaugh — who called McCain’s position “embarrassing” and “frightening” — but somehow, it didn’t hurt McCain that much, because he went on to become his party’s nominee.

According to McCain’s campaign Web site, he favors creation of a carbon cap-and-trade system, under which the government would impose a ceiling on total emissions and then issue permits to companies and others, allowing each to emit a portion of that total. The idea is that if a manufacturing or power plant is able to reduce or eliminate its emissions, the owner can then sell some or all of its credits to someone else, creating an economic incentive to clean up the atmosphere. McCain would gradually lower the carbon emissions ceiling, aiming for a reduction to 2005 levels by the end of his first term. Additionally, a McCain administration eventually would switch to auctioning off the permits, and use a portion of the proceeds to finance research into technologies that would help to curb emissions.

McCain likes the idea of electric cars — he’d give a $5,000 tax credit to anyone who buys a “zero carbon emission car,” when one is developed. To further that end, he  wants to offer a $300 million prize to the first company or inventor to develop a battery that can “leapfrog” the abilities of current hybrid and electric vehicles. Of course, an electric car is only as carbon-free as the power source that charges it. McCain says he would promote the development of carbon-free energy alternatives such as wind, hydroelectric and solar power, but in truth he isn’t willing to put any real money into them, beyond a vague promise of tax credits. (It’s worth mentioning that as a U.S senator, McCain in 2005 voted against an amendment to an energy bill that would have required utility companies to generate 10 percent of their electricity from renewable sources.)

Instead, McCain wants to turn in a big way to nuclear power (a solution that we’ve discussed previously in this blog). McCain wants to build 45 new nuclear plants by 2030. His Web site conveniently leaves out how much that would cost or who would foot the bill, but Bloomberg News reports that the price could be as high as $315 billion, and that the federal government probably will have to guarantee the construction loans to utility companies — which means that taxpayers might have to pick up the tab if the plants aren’t finished on time. McCain’s Web site also neglects to mention the problem of what to do with the radioactive waste produced by all these new plants. In 2007, he told reporters that he supported a proposed nuclear waste repository at Yucca Mountain in Nevada. But that notion is decidedly unpopular among the residents of what is turning out to be a crucial swing state, so lately, his campaign has been promoting the idea of shipping the waste to Siberia. (Perhaps his running mate, Alaska Gov. Sarah Palin, who has claimed expertise in dealing with Russia because “you can actually see Russia from land here,”  can negotiate the deal.)

But simply reducing U.S. carbon emissions won’t be enough to curb global warming, as long as China and India are building carbon-belching coal-burning power plants in huge numbers. McCain would address this problem, indirectly, by investing $2 billion a year in developing carbon sequestration technology, which would capture and store emissions before they can add to the greenhouse effect. He’d then try to sell the Indians and Chinese on using the technology themselves.

So there you have it — carbon cap-and-trade, electric cars powered by nukes, and “clean coal.” Would McCain’s plan make a serious dent in global warming? Or is it simply an excuse to pump up the nuclear power industry at taxpayers’ expense? Express your opinion below.

Photo: iStock


About Patrick J. Kiger, Science Writer. Patrick J. Kiger has written from print publications ranging from GQ to the Los Angeles Times, and is a longtime contributor to Discovery.com, HowStuffWorks, and other web sites.

For several years, he wrote the Science Channel's "Is This a Good Idea?" blog, and we are proud to have him back! He's also the author of Science Channel's Story of the Week Feature and Creator of Head Rush Science Experiments for Kids.

Patrick is also the co-author, with Martin J. Smith, of Poplorica: A Popular History of the Fads, Mavericks, Inventions, and Lore that Shaped Modern America HarperResource, 2004), and Oops: 20 Life Lessons from the Fiascoes That Shaped America (Collins, 2006). Both are now available on Kindle.

You can see more of his work at www.patrickjkiger.com


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