October 7, 2011 By James Handley

“Top Down” UN Climate Talks “Dead In Water” — Time For Bottom Up Approach? (Huff Post)

“The penalty on pollution is really important. All the analyses show that you get big reductions in carbon emissions if you have a penalty on polluting. Take that away, and all you have is another government subsidy for renewable energy.”

Harvard prof. and former Obama advisor Joseph Aldy, on Sen. Joe Manchin’s bid to remove penalties for utilities that fail to rapidly phase out carbon electricity from Pres. Biden’s proposed Clean Electricity Performance Program, in NY Times, This Powerful Democrat Linked to Fossil Fuels Will Craft the U.S. Climate Plan, Sept. 19.