More R&D into clean energy is probably the highest priority of all. There are other priorities too, of course. In particular, curbing deforestation is cheap and cost- effective, and has the collateral benefit of preserving biodiversity. But finding a clean energy source that is cheaper than those currently available is the only politically plausible way of curbing growth in developing nations’ emissions.But, Klemperer cautions, "the vagueness of [my] remarks demonstrates an urgent need for research into the economics of innovation!"
Friday, January 09, 2009
I have long agreed with the conclusion that Paul Klemperer comes to in his recent paper What should be the top priority for climate change?: