Preeminent Climate Scientist Blasts Cap & Trade

Dr. James Hansen was awarded the prestigious Stephen H. Schneider climate award at the Commonwealth Club in S.F. on Dec. 4 and chose to trash CA's landmark cap-and-trade program, preferring a 'simple, clean carbon tax'. Gov. Brown was attending.

2 minute read

December 8, 2012, 11:00 AM PST

By Irvin Dawid


Science reporter David R. Baker, who has written about the outcome of the landmark Nov. 14 cabon permit auction by the CA Air Resources Board and the proposed 'climate dividend' for rate payers, reported on the sold-out Commonwealth Club meeting.

"Hansen, who leads NASA's Goddard Institute for Space Studies, was there to receive the Commonwealth Club's annual Stephen H. Schneider Award for Outstanding Climate Science Communications. The award, named after a Stanford University professor who died in 2010, goes to scientists who make significant contributions to the public discussion of climate change. Hansen, who has been pilloried by climate-change doubters, certainly fits that bill.

Arguably the best-known climate scientist in America, Hansen trashed cap and trade during a talk Tuesday night at the Commonwealth Club in San Francisco. The system, in which companies buy and sell permits to produce greenhouse gases, is a "half-baked" and "half-assed" way to deal with global warming, Hansen said."

Hansen opposes cap & trade because he feels it will "enrich the trading desks of banks, which have a new market to explore".

Indeed, Baker noted in his Nov. 19 article on the results on the Nov. 14 auction that "some of the allowances went to traders with financial outfits such as EDF Trading and Morgan Stanley Capital Group. They are expected to be active participants in the "secondary market" for allowances, buying and selling with other traders as well as with companies covered by California's emissions cap."

Hansen believes that a "simpler system would be a carbon tax. Hansen argued for taxing carbon pollution and returning the money to taxpayers, an approach often called "tax-and-dividend."

"You don't want a system with caps, where you have trading, you have derivatives, you have markets that then collapse and don't actually reduce emissions much. That's been tried in Europe, and it didn't do much."

"To Hansen, the most important thing is putting a firm, high price on carbon. Do that, and the private sector will quickly find ways to cut greenhouse gas emissions, he said."

And what did Gov. Brown have to say about this outspoken critic of this "key element of state climate plan"?

"We are out there in the forefront," Brown told the crowd. "As you've just heard, the forefront isn't good enough. But it's still pretty damn good."

Thursday, December 6, 2012 in San Francisco Chronicle

portrait of professional woman

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Cover CM Credits, Earn Certificates, Push Your Career Forward

Logo for Planetizen Federal Action Tracker with black and white image of U.S. Capitol with water ripple overlay.

Planetizen Federal Action Tracker

A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

June 11, 2025 - Diana Ionescu

Metrorail train pulling into newly opened subterranean station in Washington, D.C. with crowd on platform taking photos.

Congressman Proposes Bill to Rename DC Metro “Trump Train”

The Make Autorail Great Again Act would withhold federal funding to the system until the Washington Metropolitan Area Transit Authority (WMATA), rebrands as the Washington Metropolitan Authority for Greater Access (WMAGA).

June 2, 2025 - The Hill

Large crowd on street in San Francisco, California during Oktoberfest festival.

The Simple Legislative Tool Transforming Vacant Downtowns

In California, Michigan and Georgia, an easy win is bringing dollars — and delight — back to city centers.

June 2, 2025 - Robbie Silver

Color-coded map of labor & delivery departments and losses in United States.

The States Losing Rural Delivery Rooms at an Alarming Pace

In some states, as few as 9% of rural hospitals still deliver babies. As a result, rising pre-term births, no adequate pre-term care and harrowing close calls are a growing reality.

5 hours ago - Maine Morning Star

Street scene in Kathmandu, Nepal with yellow minibuses and other traffic.

The Small South Asian Republic Going all in on EVs

Thanks to one simple policy change less than five years ago, 65% of new cars in this Himalayan country are now electric.

7 hours ago - Fast Company

Bike lane in Washington D.C. protected by low concrete barriers.

DC Backpedals on Bike Lane Protection, Swaps Barriers for Paint

Citing aesthetic concerns, the city is removing the concrete barriers and flexposts that once separated Arizona Avenue cyclists from motor vehicles.

June 15 - The Washington Post