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Overcoming the Economic Bariers To Climate Change and Energy Security

Jason Bordoff, The Brookings Institution
Jason Furman, The Brookings Institution
Manasi Deshpande, The Brookings Institution
Pascal Noel, The Brookings Institution

Abstract

This paper draws on economic research to synthesize the economic consensus on climate change and energy security into a specific two-part strategy to overcome the economic barriers to establishing a sustainable climate and energy policy (an important third part of any viable strategy is to involve other nations in the process, an issue that goes beyond the scope of this paper). First, price carbon and oil correctly so that the private sector has an incentive to reduce their use. Second, increase and redirect public investments on basic research and on long-run speculative energy technologies.

Suggested Citation

Jason Bordoff, Jason Furman, Manasi Deshpande, and Pascal Noel. "Overcoming the Economic Bariers To Climate Change and Energy Security" A Strategy for American Power: Energy, Climate and National Security. Ed. Sharon Burke and Christine Parthemore. Center for a New American Security, 2008. 97-126.