Cutting CO2 emissions: immediate action required!


The event that I attended on Monday, September 15th was Jim Marston’s lecture on “Solving Global Warming, Improving our economy”, sponsored by NYU law school and Environmental Law Society. The lecture was held at Vanderbilt Hall, Greenburg Lounge, from 6:00pm to 7:00pm. The speaker, Jim Marston is a former student at NYU School of Law and is currently a regional director of Environmental Defense Fund in Austin, Texas. In his lecture, Jim Marston alerted students to the seriousness of global warming, yet at the same time ensured possible ways of solving it. His lecture was overall activist in supporting Cap-and-Trade bill and explaining its role and effectiveness to both our environment and U.S. economy.
At the beginning of his lecture, Mr. Marston strongly stressed the importance of taking early actions in solving global warming. The later we face the problem, the greater cost we have to pay. The skeptics desperately tried to avoid confronting the issue first by saying, “it is not problematic”, and then later saying, “it is not human caused”. But as we all have looked at in class, global warming is a serious issue world-widely, and human activities certainly contributed to its result. Then the skeptics’ final argument is, “it is too costly”. Yet Jim Marston confuted their claim by saying that even with our current technology, without any innovations, we can reduce global warming effect by 40% by 2050. And the economic cost of doing it will be only pennies a day for all Americans. After the lecture, I went to the website of the Environmental Defense Fund, www.edf.org. There, it is explained more in detail. Yet the main point of the articles in the website is simply this: our actions to solve global warming will never hurt our economy.
Then he spent most of the second half of his lecture in explaining what Cap-and-Trade is and how it applies to solving global warming. To briefly explain what Cap-and-Trade is, it is the policy that stopped acid rain; Cap-and-Trade has a history of successfully stopping acid rain by cutting emissions of sulfur dioxide in 2002.
Jim’s argument is that the same mechanism can be applied to cutting emissions of carbon dioxide, which is the most dreadful contributor of global warming. “Cap” limits the amount of carbon dioxide that each firm emits, and “Trade” gives incentives for companies that reduce CO2 emission by allowing them to sell margin of their allowances—the amount of carbon dioxide emission that is permitted to firms to emit—to companies which are not able to cut their emission amount. Mr. Marston believes that this policy would become a key solution to global warming because it will derive companies to CO2 emission significantly. Moreover, since companies can make profit from this, it would rather revitalize U.S. market economy.
Attending Mr. Jim’s lecture and hearing Law School students asking questions, I felt as if I was in the middle of the hottest debate on America’s current environmental, economic, and political issue. It is certainly one of the most critical issues that America deals with nowadays, and I could feel that just by listening Mr. Marston’s lecture and watching people debating. I didn’t realize how hard people try to stop global warming until then. Including Jim Marston, many people in the hall seemed so passionate in solving global warming by finding the most effective and least costly way. Certainly, solving global warming is “doable”, yet seemed more complex than I expected because its action affects web of different interests groups, firms and government institutions over vast areas of environmental, economic, and political issues. Because it is perplex, it seemed hard for people to make consensus.


However, hearing Jim Marston’s argument for Cap-and-Trade, I thought there is a hope for this nation to solve global warming without hurting the economy. Today, global warming is a serious environmental problem, and people can no longer ignore it simply by covering their eyes as if they do not see anything problematic. The situation will never be the same. As time passes, it will either get better or worse. That means, we have to take an action as early as possible to reduce the cost of cutting emissions of greenhouse gases. To me, Cap-and-Trade is indeed a clever scheme because it reduces both the cost and amount of carbon dioxide emissions by encouraging companies’ market competitions. If companies are clever enough, they would innovate their systems to cut CO2 emissions and make profits by selling their allowances. With Cap-and-Trade, companies will lose their excuses of facing it after all.
Mr. Marston’s lecture encouraged me to re-examine the issues of global warming. Before I attended the lecture, I thought that the issue of solving global warming is mere text book knowledge, and it is only real and urgent to some radical environmentalists; at least, it wasn’t urgent to me at all. Now it became more real to me. It’s quite a shameful to say this, but before I heard this lecture, I might have been one of the most extravagant electricity users in the nation. I never turn off lights when I’m out! But after hearing Jim Marston’s lecture, my daily usage of electricity has changed completely. I also started to seek ways to participate in reducing electricity so help those people who earnestly endeavoring to solve global warming. I believe that individual’s small participations will certainly make changes. So I decided to encourage people around me to pay attention to it and be aware of its seriousness.
I attended this event because I had to—of course I had some interests in it, that’s why I went to, but not as much as now I do. Yet after I attended it, this event became more meaningful than a mere class exercise to me; it opened my eyes to see what’s going on in our environment. I was simply amazed how one-hour-long short event has changed my perspectives and thoughts on global warming and environmental issues. I didn’t get a chance to meet Mr. Marston in person, but if I get to see him in different time, I would definitely say thank you to him for wakening me up on the issues of global warming.
Website to Environmental Defense Fund : www.edf.org
Youtube video on Cap-and-Trade policy, CNN :http://hk.youtube.com/watch?v=eKtmvnCFFjs






(Samantha MacBride (MPA '96)