12 Mar '12, 12pm

Innovation is Not Enough: Why Polluters Must Pay

Innovation is Not Enough: Why Polluters Must Pay Innovative energy technologies are certainly essential if the world is to curb carbon emissions. But in response to a recent e360 article by the co-founders of the Breakthrough Institute, an economist argues we must also cap emissions or put a price on carbon in order to avoid the worst impacts of climate change. by gernot wagner Steven Chu, the Secretary of Energy and a Nobel laureate, has argued that what the world needs is a handful of Nobel-level breakthroughs in energy technology. They sure would come in handy in the fight to avoid the worst consequences of global warming. But counting on breakthroughs is a crapshoot. We cannot rely on a miracle to navigate away from our current head-on collision with the planet. COUNTERPOINT: Beyond Cap-and-Trade In a recent Yale e360 article , Ted Nordhaus and Michael Shellenberger wr...

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

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