Recently Nordhaus and Shellenberger (N&S) posted on Gristmill, wrote in The New Republic, and published a book, all with the aim of offering a better alternative to the mainstream environmental agenda. In my estimation, they made three important points: Americans would respond to a positive vision of the future; global warming can only be solved if, in addition to regulatory policies, we embark on a program of public investment; and the public is quite open to the idea of public investment. Unfortunately, they didn't do much with that great start. I think I know why: the central thrust of the …
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