"Three Must Reads on Energy and Climate"
1. Al Gore’s terrific speech at New York University on what this country must do now to avert catastrophic global warming. Gore offers the key starting point that has so far eluded our President and the conservative Congress: “We should start by immediately freezing CO2 emissions and then beginning sharp reductions.”
2. A new report, “American Energy: The Renewable Path to Energy Security,” by the Center for American Progress and the Worldwatch Institute. The authors notes, “If the U.S. is to join the world leaders in renewable energy — among them Germany, Spain, and Japan — it will need world-class energy policies based on a sustained and consistent policy framework at the local, state, and national levels.”
3. An analysis by the Congressional Budget Office, “Evaluating the Role of Prices and R&D in Reducing Carbon Dioxide Emissions,” that concludes “Relying exclusively on R&D funding in the near term… does not appear likely to be consistent with the goal of balancing costs and maximizing benefits or the goal of minimizing the costs of meeting an emissions reduction target.”
What an amazing world we live in that you actually need a CBO report to make the case that the only plausible climate strategy for the country must include both R&D and a carbon price.