Recent months have seen something of a turnaround in the conventional wisdom about how to address climate change. The prospects of implementing a price on carbon—long a north star for economists, policy wonks, and much of the institutional environmental movement—now appear to be severely diminished. Quiet, more incremental steps might prove capable of breaking the deadlock that has paralyzed progress on mitigating climate change.
By Ted Nordhaus. Foreign Policy. July 20, 2019.