Intriguing new policy brief argues that the "green innovation machine" will be less than optimal (read: will not curb climate change) if it relies only on a carbon price-setting mechanism like cap-and-trade. The authors recommend supplementing with an aggressive program of "directed technological change" through significantly ramped up clean energy R & D subsidies implemented immediately. And they believe they have the economic proof to back up their claims.
On the Environment
Monday, November 23, 2009
By Josh Galperin, Associate Director
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