This article, cross-posted on Grist and CleanTechnica, responds to a recent blogpost by two Breakthrough Institute researchers celebrating the ‘creative destruction’ of climate-economics arguments for a carbon tax as the key tool to reduce greenhouse gas emissions. Frank Ackerman, director of the Climate Economics Group in SEI-US, counters that in fact, the case for a carbon tax has not been destroyed – only any notion that a carbon tax alone will solve all problems.
What should be done to reduce carbon emissions? Climate change actually is a crisis that demands massive, immediate response. Putting a price on carbon emissions, funding research on clean energy, and adopting traditional controls on the dirtiest technologies all seem entirely compatible. We’ll need all of the above and more, right away, to stand a chance.
Source: RealClimateEconomics, USA