“A real challenge for the U.S. is if a carbon price is just so challenging politically, regulatory tools can only take place through the Clean Air Act, which is a very brittle process,” Rabe told E&E News. “Then you’re left with investment. Can you produce enough money for a sustained period of time to bridge all those uncertainties?”
Speaking with Handelsblatt, Rabe explained, "This approach is completely new in the USA, we have never done anything like this before. Coming out of Congress, climate reform may be "a lot less ambitious than Biden once promised."
But, he says, "A great law is much more stable and credible than what the next president can undo with the stroke of a pen."
Read the full articles
- ‘The job is not done.’ What the climate deal means for CO2" in E&E News, October 29, 2021.
- "US prestige is at stake" - Biden's ambitious climate plans threaten to fail" in Handelsblatt, October 22, 2021.