| To reduce emissions in a meaningful way, governments need to accept higher investment into new green technologies as well as some protectionism to complement carbon taxes and “cap-and-trade” systems.
U.S. President Barack Obama wants the U.S. Congress to revive a failed “cap-and-trade” bill that would put the U.S. on the road to an environmental policy – a policy departure for the country that stands out as the leading industrial power without one. Obama wants it so much he warned Congress in his recent State of the Union speech that if they failed to form a market-based solution to climate change, he would go it alone...............................................Full Article: Source |