Nonetheless, our research represents a crucial first step in understanding how SGE can be part of an optimal climate policy portfolio, and how it interacts
with other climate policy options.
Slow economic growth in China and other countries along with a new Obama administration rule cutting mercury pollution from coal - fired power plants and
other climate policies are likely to chill demand for coal even further, Stavins said.
Now compare what has happened in the United States to Europe, where a more bureaucratic approach to emissions reductions and
other climate policies has undermined investment and innovation, and largely failed to curb emissions.
It would also have more impact than virtually
any other climate policy.
A rising price on carbon emissions is the essential underlying support needed to make
all other climate policies work.
This will make it easier for Administrator Pruitt to defend weakening or nullifying the Clean Power Plan and
other climate policies.