Meaningful climate mitigation is fundamentally a technological challenge. By this we mean that even dramatic limits to per capita global consumption would be insufficient to achieve significant climate mitigation. Absent profound technological change there is no credible path to meaningful climate mitigation.
While we reject the planning fallacy of the 1950s, we continue to embrace a strong public role in addressing environmental problems and accelerating technological innovation, including research to develop better technologies, subsidies, and other measures to help bring them to market, and regulations to mitigate environmental hazards. And international collaboration on technological innovation and technology transfer is essential in the areas of agriculture and energy.
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