- Regulates carbon emissions from manufacturing before 2016
- Addresses global warming with a sound carbon pricing and reduction mechanism
- Preserves the Clean Air Act authority to regulate dangerous emissions
- Maintains state authority to regulate emissions - their innovation helps to craft effective policy across the country
- Strengthens clean energy standards to spur clean energy innovation and jobs here in America
A glossed-over, but satisfying, summary. They leave out the specifics - how much for clean tech R&D, how to optimally price carbon across sectors, what to do about carbon tariffs, infrastructure policy, electricity markets, offshore royalties and carbon revenues, and a permit trading mechanism - but I like the general formula. We'll see what happens next.
Absent at IGHIH as usual is much (any?) focus on clean energy investment. This is what happens when environmental regulators and neoliberal economists join forces to craft climate policy, and then educate our younger generation about "what matters." Sigh...
ReplyDeletep.s. you might enjoy this post Alex.
ReplyDeleteI noticed that myself. Another example (like Krugman 2 weeks ago) of the assumption that, given the "right" emissions reduction policies, clean tech and clean infrastructure will simply grow organically out of the ground.
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