Carbon pricing needed everywhere

U.S. energy revolution transforms climate debate - CNN.com

This article by Dieter Helm from Oxford makes the point that the technological advances in the US which have provided it with heaps of  (gas) energy resources has really changed expectations as to how to deal with encouraging a move off fossil fuels.  But at least gas is less harmful than coal, as a stepping stone.

Still comes down to this:

The next steps are harder: A carbon price is a necessary condition for facing up to the pollution our consumption is causing. If we don't want to pay the price of our pollution, then we don't want to tackle climate change. So far, the sad reality is that we are not prepared to act. That is why nothing much has been achieved on the carbon front since 1990.

Why then might the U.S. consider putting a price on its carbon emissions, through taxing pollution? One powerful reason has nothing to do with climate change: It needs the money. Taxing carbon might be politically painful, but not as painful as taxing income. So for the wrong reason there are some grounds for optimism.

What would be even better is if some of the money were spent on new technologies. Current renewables can't bridge the carbon gap. Low-density intermittent energy just doesn't generate enough electricity to carry though decarbonisation. But future renewables just might, and here is not only the best hope on the climate front, but also precisely where the U.S. stars. Its deep technological base and its entrepreneurial culture provide one of the best places to drive through the necessary advances.

For the rest of the world, the lessons are much the same. Everyone needs to switch out of coal, and gas provides a now much more abundant alternative whilst we develop new technologies. Sadly Europe is engaged in a dash from nuclear and gas towards coal.

It needs to waste less money on current expensive renewables -- especially the really expensive options like offshore wind -- and get serious about future renewables. Next generation solar technology is an obvious candidate. And everyone needs to put a carbon price in place.

The climate change problem can be cracked, but not through current policies. And in the meantime the world needs to get used to the idea that the U.S. no longer needs the Middle East to keep its cars and industries moving.