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Can the world mitigate and adapt to human-induced global warming? Is it possible to achieve consensus to avoid catastrophic climate change that could reduce global economic output by 20 percent? The answer is no, unless political mechanisms are adopted that shift financial resources to greenhouse gas (GHG)-reducing economic activity. Examine the principal ways to redirect investment regulations, taxes, and market-based cap-and-trade systems (both mandated and voluntary) with offset projects. Multilateral politics through Copenhagen and beyond are critical to creating a worldwide market that sets an accurate price on GHG emissions, measuring the costs of carbon energy.
http://www.sps.nyu.edu/content/scps...990