With a bang in Copenhagen and a whimper in the U.S. Senate, the 20-year effort to deal with global warming by capping emissions and putting a price on carbon has come to an end. In the wake of the crash, climate advocates have advanced a range of ideas about how to move forward. Some suggest that a scaled-back version of cap-and-trade, focused only on the utility sector, might work. Others say we need a carbon tax that refunds all its revenue to the public. Still others insist that we must build a stronger political movement to overcome the opposition of …
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Ted Nordhaus is coauthor of Break Through: From the Death of Environmentalism to the Politics of Possibility, and cofounder of Breakthrough Institute.