Are high energy prices good or bad for climate policy?

I think it all depends on just how bad the economy gets. I’ve been wrestling with this question more and more as election day draws nearer. Congressional Quarterly has a nice piece today outlining the opposite directions in which high energy prices are pulling the debate on climate policy. On one hand, $4 gas has unquestionably raised awareness about the need for smarter energy policy and stokes broader anxieties about climate change. Such worries open the door for big ambitious thinking: national programs to accelerate plug-in hyrbrids, or a national renewable portfolio standard.

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