no sense at all if you look at it from an economic-wide perspective. If we would simply put a fee on carbon – you would collect from the fossil fuel companies at the source (the domestic mines or the ports of entry) and then distribute that money to the public, an equal amount to all legal residents, that would begin to make the prices honest. And that's what the economy needs in order to be most efficient. Right now the external costs of fossil fuels are borne completely by the public. If your child gets asthma, you pay the bill, the fossil fuel company doesn't. What we need is to make the system honest." At the end of 2008, Hansen stated five priorities that he felt then President-elect Barack Obama should adopt "for solving the climate and energy problems, while stimulating the economy": efficient energy use, renewable energy, a smart grid, generation IV nuclear reactors and carbon capture and storage. Regarding nuclear, he expressed opposition to the Yucca Mountain nuclear waste repository, stating that the $25 Billion (US) surplus held in the Nuclear Waste Fund "should be used to develop fast reactors that consume nuclear waste, and thorium reactors to prevent the creation of new long-lived nuclear waste." In 2009, Hansen wrote an open letter to President Obama where he advocated a "Moratorium and phase-out of coal plants that do not capture and store CO2". In his first book Storms of My Grandchildren, similarly, Hansen discusses his Declaration of Stewardship, the first principle of which requires "a moratorium on coal-fired power plants that do not capture and sequester carbon dioxide". In March 2013, Hansen co-authored a paper in Environmental Science & Technology, entitled "Prevented mortality and greenhouse gas emissions from historical and projected nuclear power". The paper examined mortality rates per unit of electrical power produced from fossil fuels (coal and natural gas) as well as nuclear power. It estimated that 1.8 million air pollution-caused deaths were prevented worldwide between 1971 and 2009, through the use of nuclear power instead of fossil fuels. The paper also concluded that the emission of some 64 billion tonnes of carbon dioxide equivalent were avoided by nuclear power use between 1971 and 2009. Looking to the future, between 2010 and 2050, it was estimated that nuclear could additionally avoid up to 420,000 to 7 million premature deaths and 80 to 240 billion tonnes of