A full Carbon Price (Carbon Tax) on greenhouse gas (GHG) pollution is required to stop GHG pollution that is killing the Biosphere and threatening Humanity. Pope Francis in his 2015 Encyclical Letter “Laudato si” demands that a “fully borne” Carbon Price be emplaced on greenhouse gas (GHG) pollution in order to prevent “millions of premature deaths”.
Armed with this authoritative moral advice, the billions of Humanity must save themselves and the Biosphere by demanding that the polluters must pay in full by a Wealth Tax (for historical GHG pollution) and a Carbon Tax (for ongoing GHG pollution).
Pope Francis, quoting Pope Benedict XVI, essentially advocates Carbon Pricing in Section 195 of his 2015 encyclical “Laudato si”: ‘Yet only when the economic and social costs of using up shared environmental resources are recognized with transparency and fully borne by those who incur them, not by other peoples or future generations,’ can those [economic] actions be considered ethical” .
This what Pope Francis said in context: “The principle of the maximization of profits, frequently isolated from other considerations, reflects a misunderstanding of the very concept of the economy. As long as production is increased, little concern is given to whether it is at the cost of future resources or the health of the environment; as long as the clearing of a forest increases production, no one calculates the losses entailed in the desertification of the land, the harm done to biodiversity, or the increased pollution. In a word, businesses profit by calculating and paying only a fraction of the costs involved. ‘Yet only when the economic and social costs of using up shared environmental resources are recognized with transparency and fully borne by those who incur them, not by other peoples or future generations,’ [Benedict XVI] can those actions be considered ethical. An instrumental way of reasoning, which provides a purely static analysis of realities in the service of present needs, is at work whether resources are allocated by the market or by state central planning” (Section 195, ).
And this is what Pope Benedict XVI said in context in his Encyclical Letter Caritas in Veritate (2009): “This responsibility is a global one, for it is concerned not just with energy but with the whole of creation, which must not be bequeathed to future generations depleted of its resources. Human beings legitimately exercise a responsible stewardship over nature, in order to protect it, to enjoy its fruits and to cultivate it in new ways, with the assistance of advanced technologies, so that it can worthily accommodate and feed the world’s population. On this earth there is room for everyone: here the entire human family must find the resources to live with dignity, through the help of nature itself — God’s gift to his children — and through hard work and creativity. At the same time we must recognize our grave duty to hand the earth on to future generations in such a condition that they too can worthily inhabit it and continue to cultivate it.
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