California can play a very important role by showing leadership -- in two key ways. One is to demonstrate a commitment to meaningful reductions in GHG emissions. In this regard, California has more than met the bar, with policies that are as aggressive as -- if not more aggressive than -- those of most countries.
With gasoline prices relatively low — and natural gas supplies holding down electricity prices, at least in the United States — there has never been a better time to introduce progressive climate policies in the form of carbon pricing. Unfortunately, none of us should hold our breath waiting for that to happen.