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.
Ideally, the world's collective response to global warming would be as rapid and muscular as the threat of growing climate disruption requires. With each year that passes without such a response, we are learning the hard way that what we once considered an ideal international response is now merely pragmatic.
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