Obama really wishes he could put a price on carbon

June 9, 2014 10:36 PM

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Obama really wishes he could put a price on carbon

“[I]f there’s one thing I would like to see, it’d be for us to be able to price the cost of carbon emissions. … We’ve obviously seen resistance from the Republican side of the aisle on that. And out of fairness, there’s some Democrats who’ve been concerned about it as well, because regionally they’re very reliant on heavy industry and old-power plants. … I still believe, though, that the more we can show the price of inaction — that billions and potentially trillions of dollars are going to be lost because we do not do something about it — ultimately leads us to be able to say, ‘Let’s go ahead and help the marketplace discourage this kind of activity.’”

“[T]here is no doubt that if we burned all the fossil fuel that’s in the ground right now that the planet’s going to get too hot and the consequences could be dire. … [W]e’re not going to suddenly turn off a switch and suddenly we’re no longer using fossil fuels, but we have to use this time wisely,...

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