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    Financial Times: Climate policy and the shale boom

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Summary

U.S. climate policy should be ones that works with the shale revolution rather than trying to fight it including substitution for coal, regulation that pushes for increased efficiency, and revive its stalled progress towards putting a price on carbon, through either a cap-and-trade system or a tax.

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Financial Times: Climate policy and the shale boom

President Barack Obama picked a bad week to rediscover his interest in climate change.

His comments on Wednesday last week about wanting to cut greenhouse gas emissions followed a prediction from the International Energy Agency that, thanks to its shale reserves, the US would soon be the world’s largest producer of oil and gas.

A country in the throes of a fossil fuel boom will not readily welcome a message of restraint. Mr Obama conceded that if he tried to address the climate while ignoring jobs and growth, “I don’t think anybody’s going to go for that”.  MORE

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