Both national and global climate policy must redirect its focus from setting a price on carbon to promoting the rapid deployment of clean technologies.
As is typical of most climate legislation now being proposed, America’s Climate Security Act, which recently went before the US Senate, aimed at reining in greenhouse gas emissions primarily by setting a price on carbon dioxide. Although hailed as landmark legislation, the proposal, which died after it failed to muster close to the required 60 votes, would not have put the nation on the path required to help avert catastrophic climate change.
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