Are Carrots Enough to Stop Climate Change?

Climate policy mostly relies on subsidies to incentivize the production of clean energy, rather than sticks right to kind of disincentive fossil fuels. Adam Sobel: We have to put in perspective rate that the question of saving the climate is well beyond america's reach at this point. In 20 20, the last year for which we really have comprehensive figures, the united states contributed less than 13 % of global omissions and china's share was over 32%. So if we are asking the question of whether the overall global climate problem can be addressed through carrots alone, the answer is no," he says.