Finding a New Direction in Climate Change Policy

Matthew Stepp April 18, 2013
April 18, 2013

It’s clear that the world is losing the race against global climate change. At a day-long symposium at Villanova University aimed at discussing what kind of changes need to be made, Rutgers Law Professor Howard Latin who provided the keynote address based on a book he published late last year titled Climate Change Policy Failures argues conventional climate policy approaches fought for during the last twenty years such as cap-and-trade, international negotiations, and emission regulations won’t successfully produce deep carbon reductions. Latin contends that these “incremental” policy approaches simply kick the emission reduction can down the road and offer little support for aggressive carbon cuts.

Matthew Stepp makes five main suggestions on how to go forward after the symposium: Overcoming the Iron Law of Climate Change Policy with Innovation, Implementing Clean Energy Innovation Policies, Increase Support for Clean Energy R&D, Tie Innovation Funding to a Dedicated Revenue Source, and Reforming Regulations and Incentives to Drive Innovation.