George P. Shultz and Ted Halstead: Carbon pricing is the winning Republican climate ans... - 0 views
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The newfound Republican climate position can be summarized as follows: The climate problem is real, the Green New Deal is bad and the GOP needs a proactive climate solution of its own. Our big question is what form it should take.
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There are essentially three ways to reduce emissions — regulations, subsidies and pricing. The first is the worst of all options for a party committed to free markets and limited government. Many Republican legislators are, therefore, gravitating toward the second option: tax credits and research-and-development spending to promote innovation. Those now introducing legislation along these lines deserve praise.
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Republicans are correct to focus on clean-energy innovation as a crucial driver of climate progress.
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