Carbon

[ominous music]
(Leonardo DiCaprio) Ancient life on earth.

Over millions of years plants and animals lived and died.

That decomposed life sunk deep into the ground, and as a result,

an ancient menace was created...fossil fuels.

Black oil, coal, and gas, have created modern society as we know it.

This ancient sunlight unleashed global industrial power on a scale

never before witnessed in the history of the planet.

But when burnt into the atmosphere, carbon causes climate change.

Ninety-seven percent of climate scientists agree that climate change

is happening now and is caused by human activity.

However, the fossil fuel industry continues to pull that carbon out of the ground.

They drill, they extract, making trillions of dollars.

They frack, they mine, earning astronomical profits.

We need to keep this carbon in the ground.

In order to prevent a catastrophic warming of the planet by 2 degrees Celsius,

we cannot burn more than 500 gigatons of carbon into the atmosphere.

But the fossil fuel industry has access to five times more than that.

Almost twenty-eight-hundred gigatons of carbon pollution is ready to be pulled out of the ground, sold, and burned.

We must fight to keep this carbon in the ground., and it is possible.

- People are ready for conversation. They're ready to understand that carbon pollution is causing this challenge,

And that there is a simple solution. Put a price on carbon pollution.

In the United States we spend $110 billion federal dollars on climate change events.

That's about $300 a person in tax dollars.

- But which certainly need a price on carbon pollution.

Right now it's a free good and we're using the atmosphere as a sewer and that has a real cost.

And that cost should be reflected in the cost of carbon pollution.

- In the '50s in London, based on the industrial revolution,

there was so much pollution, as you see in Beijing and around China today,

that you actually couldn't see six straight feet in front of you.

They put a price on pollution, and it changed.

- You have to put a price on carbon,

and that can either happen by carbon trading or through a carbon tax.

There's a moral imperative there, but there's also a business imperative.

- Senator Boxer and I have introduced legislation to do just that. We are going

to do it in a way that impacts fewer than 3,000 of the most significant

fossil fuel polluters in the country. And the reason you do it , is people should not have

the " freedom" to destroy the planet.

They cannot continue to be able to do that with impunity.

- The government has been subsidizing energy for decades

to the tune now of a trillion dollars a year. We need to redirect these subsidies

that encourage innovation. That's what we need in the world.

But the biggest barrier is money from fossil industries that want to defend

their market share, and which I consider the industries' walking butt. They've got

tremendous assets underground that they want to be able to mine.

Those are trillions of dollars of assets that the fossil energy companies used

to evaluate their worth in the stock market. And the fact that we want to strand them,

to leave them underground is not going over real well In those industries.

But in fact, if we wanted to head off the worst uncontrollable damages

from climate change, that's what we have to do.

- Finland and the Netherlands implemented a carbon tax back in 1990.

Both, putting a price tag on each ton of CO2 poison.

- In the beginning of the '90s there was a deep understanding that we should do something.

We think that the Finnish economy should be based on sustainable energy in order

to make our society competitive and in order to save our planet, which is, of course, the main target

which is, of course, the main target.

- Since then several other nations have created their own versions, including

Norway, Costa Rica, and the United Kingdom.

Ireland passed a carbon tax in 2010.

- It was very simple to introduce. When they see a carbon tax if place,

people know that they can invest in alternatives that actually

cut out the use of fossil fuel.

It starts to have that effect improving energy efficiency in your homes and improving industries' energy efficiency.

And what we've seen in the last 5 years is we have doubled amount

of renewable energy supplies, so the benefit for the consumer

is if through those signals you can cut out the wasteful use of energy, then everyone

is saving money and it more than covers the cost of the carbon tax in the first place.

Thom Hartmann: Iin Australia renewables like wind are now cheaper than fossil fuels

like coal. Recently China put a price on carbon in over 7 regions and will add more.

Now it's up to the United States, where there's good news another a local level.