Ian says “President Obama raised the two most politically charged issues during a sweeping address on second-term environmental urgencies that included his plan of executive actions that don’t require congressional approval in an era of biased congestion in Washington. He also pledged global leadership on climate change and promised to redouble U.S. efforts to fight it.”
Ian Adlington says that the bold action is necessary to make those goals possible since the previous legislative efforts failed in Obama’s first term. It is evident that the world looks to the United States to lead the charge on climate change, as America is the world’s largest economy and the second-largest carbon emitter.
Ian also added that the Obama administration created many regulations for newly built coal plants during the president’s first term, which included directives requiring the EPA to establish carbon pollution standards for coal plants. The administration plans to work with industry, states, labor and other interest groups to improve them. Obama argued that the benefits of reduced carbon emissions will far outweigh the costs of executing new rules.
New Carbon Economics believes that the Obama initiative is a viable one; we do need “to respond to the threat of climate change”. It requires a laissez-faire approach which must be set in context of bolder actions needed to monetize black carbon and short lived climate forcers.