SIMPLE ECONOMICS:

Want a climate rescue plan? Carbon pricing. Want to raise revenue for clean energy deployment? Carbon pricing. It's the "silver bullet" for other things, too. Want to reduce reliance on foreign oil? Or raise revenue to correct other tax inefficiencies? Carbon pricing.

This approach appeals to many because of its strong roots in neoclassical economics, which suggests that higher prices will reduce consumption and lead to a big shift to renewable energy.

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