Sign Here: tinyurl.com/CarbonPriceLUC
As members of the Loyola community, we ask that Dr. Jo Ann Rooney, President of Loyola University Chicago, join 19 (and counting) fellow university presidents and sign on to the letter below calling for a price on carbon.Loyola has repeatedly demonstrated environmental and climate leadership. In fact, Loyola has been awarded and recognized for it. Climate change effects each and every inhabitant of earth and imperils the future of our common home. Inaction on climate directly harms Loyola students and their futures. Carbon emissions specifically are the main driver behind this global crisis. It is imperative for the United States to begin internalizing the cost of greenhouse gas emissions.
Carbon pricing is a bipartisan, effective, and plausible solution to send the proper market signals. It is gaining momentum and support from across all sociopolitical spectrums. Loyola can further take a leadership role by supporting this growing initiative. We encourage Dr. Rooney to become a strong voice of academic support for global sustainability efforts in general and carbon pricing, specifically.
As leaders of higher education institutions, we call upon our elected representatives to act collectively on behalf of current and future generations by putting a price on carbon. We work to prepare our students for thriving futures, over which climate change casts a dark shadow of uncertainty. Putting a price on carbon pollution is an indispensable step we can take to effectively combat climate change.
Carbon pricing creates an economy-wide incentive to reduce greenhouse gases in economically efficient ways that can, if revenues are used wisely, benefit low-income households while stimulating job growth. The World Bank has endorsed carbon pricing as a way to accurately account for the external costs of emissions, like crop loss, flood damage, and medical treatments that result from heat waves and other climate change disasters. Thousands of businesses support carbon pricing for its transparent and predictable approach.
Dozens of countries and jurisdictions across the world have already enacted carbon pricing mechanisms, and the evidence is in: carbon pricing enables renewable energy to flourish, helps phase out polluting energy sources, and lowers emissions. A strong carbon price will rise quickly enough to work without burdening low-income and middle-class families, and won’t create new dependencies on profits from carbon-based energy.
It is time for the United States to lead on this defining issue of our time, and protect the health and well-being of current and future generations. By making carbon-intensive industries pay a fair share of the costs of their pollution, we will have cleaner air and healthier communities, and prevent the most devastating effects of climate change. We therefore ask our elected officials to proactively work to enact a carbon price on the state and national level.