Opinion | The Best Climate Policy You've Probably Never Heard Of

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Opinion | The Best Climate Policy You've Probably Never Heard Of
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'Without cap-and-ration, the world's policy makers will most likely continue to dither with proposals that appear to reduce emissions without actually doing so.'

. The approach described here does not take sides in that debate. The fact is, burning fossil fuels releases greenhouse gases that are triggering catastrophic climate change. Therefore, the important thing is to reduce fossil fuel extraction and combustion. If we can enjoy solar-and-wind-powered economic expansion at the same time, that would certainly make a lot of people happy. But if we can't, then we should remember that fossil fuels are finite and depleting anyway.

The challenges in reaching a global cap-and-ration agreement include, for example, convincing fuel exporting nations like Saudi Arabia to give up significant sources of national revenue, or talking coal-dependent nations like China into agreeing to phase out coal more quickly than other fossil fuels. But those are difficulties that will have to be faced one way or another anyway, if real progress is to be made in lowering global emissions.

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