New study: the low price of carbon puts brakes on innovation

A former professor from my public policy graduate school, Margaret Taylor (now at Lawrence Berkeley National Laboratory), has just published a new study in the Proceedings of the National Academy of Sciences (PNAS) with her findings about how the low price of carbon in current cap-and-trade programs is leading to a slow-down on technological innovation to reduce greenhouse gases. Read it here: Innovation under cap-and-trade programs (March 12, 2012).