Brenna Walsh factors in the social cost of carbon when fighting fossil fuel dependency

Brenna Walsh is the Energy Coordinator at the Ecology Action Center. She’s made a career out of bringing different communities together to strengthen and accelerate climate policy and action. Walsh is focused squarely on understanding what has worked and not worked in the past and on exploring new initiatives to build climate resistant communities. In this interview I aimed to get a deeper sense of the economic reasons behind the policy measure that’s usually referred to as a “carbon tax.” Brenna breaks down how that measure of carbon pricing is just one part of a whole array of emerging measures for addressing the climate crisis. We have Clean Fuel Regulations, a modest removal of some “inefficient” fossil fuel subsidies at the federal level, among other policies and incentives. Brenna breaks it all down. I don’t want to spend too much time in this introduction giving an overview of the conversation actually, because the conversation itself is an overview of what we have in terms of tools for limiting carbon and some of the history of those tools. We start by talking about the conceptual and policy tool of the so-called “social cost of carbon,” and how that social cost is calculated in economic terms. The whole goal, though, is to figure out a means of building, really, a different system from the fossil fuel based one that we currently have. Walsh is interested in how to calculate the damages, but she’s more interested in bringing the diverse array of people that feel there is not enough being done into the conversation about crafting and supporting solutions. There are a few invaluable resources that Brenna cites that are included in these show notes. Overall, it’s a matter, though, of using these resources, and conversations like these, as a means of going further faster, of making a complex transition simpler, doable and more seamless for people at the grassroots level. RESOURCES: More Mobility, Less Mining: https://www.climateandcommunity.org/more-mobility-less-mining The State of Carbon Pricing in Canada: https://climateinstitute.ca/reports/the-state-of-carbon-pricing-in-canada/ Ecology Action Centre's Carbon Pricing FAQ: https://ecologyaction.ca/sites/default/files/2023-06/Carbon_tax_FAQ_2023.pdf