27 Feb '12, 1pm

Beyond Cap and Trade, A New Path to Clean Energy

Beyond Cap and Trade, A New Path to Clean Energy Putting a price and a binding cap on carbon is not the panacea that many thought it to be. The real road to cutting U.S. emissions, two iconoclastic environmentalists argue, is for the government to help fund the development of cleaner alternatives that are better and cheaper than natural gas. by ted nordhaus and michael shellenberger A funny thing happened while environmentalists were trying and failing to cap carbon emissions in the U.S. Congress. U.S. carbon emissions started going down. The decline began in 2005 and accelerated after the financial crisis. The latest estimates from the U.S. Energy Information Administration now suggest that U.S. emissions will continue to decline for the next few years and remain flat for a decade or more after that. The proximate cause of the decline in recent years has been the recessio...

Full article: http://e360.yale.edu/feature/nordhaus_shellenberger_beyon...

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