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Carbon Price Essential if “Green” Stimulus to Have Desired Effect, Experts Say

When it comes to making the transition to a “green,” low carbon economy, government stimulus plans are doubly beneficial, but public sector investment and spending alone will not be enough to spur decisive action and a long-term commitment. Nor will President-elect Obama's plan to spend $15 billion a year over 10 years alone be sufficient to generate 5 million jobs, according to an economist, a regulatory expert and a business leader, the three of whom came together and held a press conference today to advocate establishing a carbon price and an emissions cap-and-dividend, in contrast to a straight cap-and-trade, system.
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