February 22, 2011
Climate Policy in Desperate Need of CPR
Editorial, New York Times
President Obama has decided that the failure of last year’s comprehensive climate bill does not have to mean the death of climate policy. Instead of imposing a mandatory cap and stiff price on carbon emissions, as the bill would have done, the president is offering a more modest approach involving sharply targeted and well-financed research into breakthrough technologies, cleaner fuels and more efficient cars and trucks.
This is all part of a broader investment-for-the-future strategy that he outlined in his State of the Union address, and it all makes sense as a way of reducing emissions of greenhouse gases, creating more green jobs and reducing America’s dependence on foreign oil.
Yet even this retailored approach is sure to whip the...
TAGGED: climate change