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Executive and professional education

 

Dr Chris Hope on the 2018 heatwave and how a climate change tax could significantly reduce global warming.

Tens of thousands of people crowd the beach in Bournemouth, UK on a hot summers day.

Dr Chris Hope

Dr Chris Hope

Scientists say that the heatwave scorching the UK, northern Europe and Japan was made more than twice as likely by climate change, as was the last major European heatwave, which killed tens of thousands in 2003.

Climate change is caused by our emissions of greenhouse gases, mainly carbon dioxide and methane, and by the destruction of forests. If we carry on burning more coal, oil and gas, and eating more meat, the world will warm much more by 2100.

The climate is complex. Feedbacks from clouds, from melting arctic ice, and from thawing permafrost mean that scientists don’t know exactly how much the world will warm by 2100. But if we carry on as we are now, babies born in the UK today will grow old in a world that is between 3 and 5°C warmer than when their grandparents were born.

Now that we’re seeing how bad the impacts of a 1°C rise can be, it’s no surprise that more and more people are convinced that we shouldn’t allow the temperature to rise by 3°C or more.

So how do we stop it? We cut our emissions by about 80 per cent by 2050. That sounds like an enormous transformation, but there is one simple measure that will get us most if not all of the way there, and cheaply: charge people and companies for the harm that is caused by their emissions. This is known as the polluter pays principle.

It means having a climate change tax that is strong, comprehensive, rising over time and, crucially, allows other taxes to be greatly reduced. No one likes taxes. That is why the last condition is so important.

The tax should start at about £100 per tonne of carbon dioxide, should apply to all emissions, and should increase at about 3% above inflation each year.

That would allow income tax to be reduced from 20 per cent to 15 per cent, VAT to be reduced from 20 per cent to 16 per cent, with money left over to protect the poor and fund basic research. We would move away from taxing things we want to encourage, like jobs and supermarket purchases, to things we desperately need to discourage, like pollution.

The economy will not suffer, it will grow more strongly, and other countries will see this and follow our lead. With a climate change tax, the deadly threat of a warming world can be averted cheaply, and everyone wins.

Watch Dr Chris Hope being interviewed on the BBC Two Newsnight episode “Heatwave 2018 explained” on 25 July 2018 (starts from 4 mins):