Office of Science & Technology - Why a Carbon Cap Should be the Next US Stimulus

Why a Carbon Cap Should be the Next US Stimulus

bridges vol 21, April 2009 / OpEds & Commentaries

By Gernot Wagner

Dr. Gernot Wagner

The United States and many other countries' stimulus packages include provisions for green investments. That's good. After all, the economic and climate crises are intimately related. They share a similar structure - with greenhouse gas emissions and energy waste replacing toxic debt as the element that has gotten us into trouble. But green stimuli alone are not enough. A cap on carbon could provide the missing link.

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