Climate 2.0 is the future of climate policy. It means finding creative solutions that harness the power of the market to make substantive and cost-effective progress on climate change.
It’s time for an approach to global climate policy that can win support from all sides of the political spectrum, create effective long ¬term incentives for energy innovation, and use the strength of the market to curb the effects of climate change on a global scale.
Virtually all knowledgeable economists and policy experts agree that the cheapest and most effective way to reduce carbon is to put a price on it. Doing so would make all business and personal investment and consumption decisions reflect the anticipated external costs to society of the emissions resulting from those actions.