Critics argue that carbon restrictions, even if fully implemented, would reduce global temperatures only by minor amounts, which is true. We are not going to regulate our way out of global climate disruption. The only eventual solution is technological — the ability to produce affordable, clean power on a large scale.
But conservatives seem strangely intent on ignoring the power of markets to encourage such innovation. Right now, the emission of carbon is essentially cost-free. Putting a price on carbon would make the development of cleaner energy technologies more profitable. New technologies could be employed, not only by America, but also by China, India and the rest of the developing, polluting world. And it is an added (but not minor) benefit that American resources would no longer be transferred to Saudi princes, Russian autocrats and Venezuelan dictators…
It is also legitimate to contend that, while the cap-and-trade system is flawed, it is better than inaction and necessary to spur innovation. And for eight House Republicans who took this stand at great political risk, it is not only legitimate — it is admirable.
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