Clean energy transition would break Russia’s geopolitical hold

Published 12:23 pm Tuesday, March 22, 2022

BY NORMA MORRISON & MADELINE PARA
Most of us have been extremely concerned about the war in Ukraine for the loss of precious lives, destruction of Ukrainean cultural icons, destruction of their homes, schools, libraries and infrastructure and of course loss of their freedom. We have been made aware of the continued dependence we and much of Europe have on Russia’s fossil fuels. For years, our planet has been showing us the need to move away from fossil fuels. Extreme weather, driven by excess greenhouse gas emissions, continues to get more frequent and more expensive to recover from. But today, it’s not just the climate pressuring us to get off fossil fuels. Our geopolitical and economic realities are now demanding the same thing.
Russia’s invasion of Ukraine was swiftly condemned by world leaders and our own Congress, and President Biden announced a host of sanctions designed to cut Russia out of global economic activity. But Biden initially stopped short of direct sanctions on Russia’s primary exports: fossil fuels. “Russia is incredibly unimportant in the global economy except for oil and gas,” one Harvard economist points out. Ideally, America and our allies would hit them where it really hurts — and indeed, after a few weeks of conflict, bipartisan outcry from Congress prompted President Biden to ban imports of Russian fossil fuel. It’s encouraging to see our leaders increasingly willing to say no to the polluting fuels of a petrostate.
But of course, limiting the supply of oil and gas is expected to drive prices up, adding financial strain at a time when people are already struggling with inflation. It’s clear we need abundant, affordable energy — but what type?
The American Petroleum Institute, a trade association representing American oil and gas producers, has renewed their calls for American energy independence through increased domestic oil and gas production. This is a false solution. The U.S. is already a net exporter of energy, yet our energy prices are still affected by the actions of other major players like Russia and Saudi Arabia. The “solution” of additional fossil fuels would merely be swap — an attempt to address one major problem while exacerbating others: climate change and price volatility.
Instead, it’s time to move as quickly as possible to power America with abundant clean energy. Clean energy would make our domestic energy prices stable and affordable, freeing us from the volatility of fossil fuel prices. And of course, clean energy would not dump tons of heat-trapping gases into the atmosphere, continuing to destabilize our planet’s systems. The clean energy transition would bring more geopolitical, economic, and climatic stability, keeping us safer and more secure on many fronts. The E.U. is already taking steps in this direction, spurred by Russia’s attack. It’s time for the U.S. to deploy the most effective, fast-acting policies to do the same.
A well-designed price on carbon — which the U.S. Senate is already seriously discussing — would meet all the needs here. First, imposing a steadily increasing carbon price would speed the transition to cleaner energy options throughout the entire economy, from the biggest industries down to individual consumer choices. Second, the revenue from the carbon price can be allocated to Americans as a regular dividend or “carbon cashback,” protecting Americans from higher costs and fighting against inflation. Third, a border carbon adjustment can be used to impose international pressure, which would break the grip of oil states like Russia. The E.U. is already planning to implement a tariff like this, and Republicans in Congress are expressing support for a similar idea.
At the height of Build Back Better negotiations last fall, this idea was a prominent one. Majority Leader Chuck Schumer asked the Finance Committee to craft carbon pricing legislation. Finance Committee Chairman Ron Wyden said, “I’ve had a carbon pricing bill in my desk for the last three years just waiting for the time.” Republican Senator Mitt Romney — who, it’s worth noting, identified Russia as a threat in 2012 — said in January, “If you’re serious about climate, put a price on carbon.” Several groups and businesses in the Tri-Cities area have endorsed a carbon fee and dividend act. They are as follows: Hoffman Compost of Johnson City, Friends of Roan Mountain, First Presbyterian Church of Elizabethton, Green Mountain Earth Retreat of Roan Mountain, Los Gatos Coffee Bar and Nelson Fine Arts of Johnson City, Mainstreet Café and Catering in Jonesborough, Krazy Krepes in Jonesborough, Purelife Chiropractic in Johnson City, Russ Swanay Real Estate in Elizabethton, Cranberries Café in Johnson City, Brown’s Hardware and Grocery in Hampton, and Greenher Landscaping in Elizabethton.
It’s time for our elected officials to jump back into these policy discussions with renewed commitment. We can’t wait any longer for the transition to clean energy, and we have broad agreement on the policy that can get us there. Our climate, our energy prices, and the stability of our world are at stake.
(Madeleine Para is the executive director of Citizens’ Climate Lobby and Norma Morrison is a resident of Carter County.)

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