On Grist, David Roberts advocates for a “diverse climate policy portfolio”. He explains that a “portfolio approach to climate change, which couples a carbon price with complementary policies, could yield a net benefit to the economy, and to most voters, from day one.”
Gernot Wagner, EDF economist, had this to say on David Robert’s piece:
“ Absolutely. Diversify the portfolio. Our strategy ought to be one of all-of-the-above. We need utility and grid reform, removal of subsidies, an emphasis on efficiency, etc. etc. etc.
However. We also ought to keep our eyes on the ball. The goal is not to reform utilities for the sake of reforming utilities (although there might be other benefits to that as well). The goal is to avoid sending $1 billion a day abroad for our oil. This kind of large-scale transformation depends on a comprehensive approach, and that can’t be achieved piecemeal. We ought to limit global warming pollution to right the incentives and take the market path to a healthy planet and economy.”
Green Inc. argues that the solar technology market is gaining momentum and points to the $129.4 million investment by a SiliconValley venture capital firm in solar company Amonix as proof.