he economy favors throughput over quality and craftsmanship, and economists are terrified because the American savings rate has crept upward from about zero to almost five percent. But the mortgage crisis and the burgeoning credit card crisis are causing Americans to become wary of irresponsible debt.
Denis HayesThere really wasn't an environmental movement 30 years ago. The Sierra Club national office in 1969 consisted of one full-time volunteer.
Denis HayesAn aggressive building performance standard for all new buildings, and a set of performance requirements to be met by all buildings before they can be sold (when upgrades can be included in the new mortgage). These should encompass heating and cooling, lighting, and plug loads. Coupled with new efficiency standards for appliances, lights, and furnaces, this should reduce the energy consumption of new buildings by 50 percent, more or less immediately, and go on from there.
Denis HayesWe need a firm cap on carbon emissions from fossil fuels. No coal, oil, or gas could enter the economy until the buyer had a permit. All permits would be auctioned by the federal government, and the number of permits auctioned would be decreased by three percent per year. Permits could be traded, but they could not be created out of whole cloth by companies that plant forests or dump iron filings at sea.
Denis HayesThere are a few obvious consequences and perhaps one subtle possibility. One obvious thing is that, to stimulate the economy, President Obama has committed to creating millions of green jobs that will leave a legacy - much as Roosevelt's public works did during the new deal.
Denis Hayes