Earlier this month, Micheal Hoexter offered a "A Pedal-to-the-Metal Plan" to respond to the challenge of Climate Chaos at New Economic Perspectives, also crossposted to Naked Capitalism (part 1, part 2 and part 3).

His plan is an overarching plan for a 15-20 year equivalent-to-worldwar mobilization of our economy for the purpose of reducing the degree of severity of the climate catastrophe that our economy has signed up for under status quo policies. What I am looking at this week is the role that Rapid Freight Rail and Rapid Passenger Rail can play as part of the mix of Pedal to the Metal Climate Change policies addressing transport.

There is a tremendous gap today between the maximum that is politically feasible and the minimum required to make a serious dent in the challenge that we face. This piece lies primarily on the "minimum necessary" side of our current political dysfunction, looking at necessary (though not sufficient) structural transformations of our transportation system. However, it is also address in part to the "maximum feasible" side, since these are policies that can be put into place on the back of only a partial political breakthrough, which may not on its own be enough to get a complete Pedal to the Metal policy package in place.

I argue that both Rapid Freight Rail and Rapid Passenger Rail can play the roles of "front-runner" policies on the transport side of a Pedal to the Metal Climate Change policy package. One of the things we look for in prospective front-runner policies is that the policies stand on their own, but they also strongly complement follow-up policies that we would look to put into place to complete the Pedal to the Metal policy package.