the following is copied from his oped piece in the New York Times published on teh 29th of March…..http://www.nytimes.com/2009/03/29/opinion/29friedman.html?_r=1
….we need a climate bailout along with our economic bailout. Hal Harvey is the C.E.O. of a new $1 billion foundation, ClimateWorks, set up to accelerate the policy changes that can avoid climate catastrophe by taking climate policies from where they are working the best to the places where they are needed the most.
“There are five policies that can help us win the energy-climate battle, and each has been proven somewhere,” Harvey explained. First, building codes: California’s energy-efficient building and appliance codes now save Californians $6 billion per year,” he said. Second, better vehicle fuel-efficiency standards: “The European Union’s fuel-efficiency fleet average for new cars now stands at 41 miles per gallon, and is rising steadily,” he added.
Third, we need a national renewable portfolio standard, mandating that power utilities produce 15 or 20 percent of their energy from renewables by 2020. Right now, only about half our states have these. “Whenever utilities are required to purchase electricity from renewable sources,” said Harvey, “clean energy booms.” (See Germany’s solar business or Texas’s wind power.)
The fourth is decoupling — the program begun in California that turns the utility business on its head. Under decoupling, power utilities make money by helping homeowners save energy rather than by encouraging them to consume it. “Finally,” said Harvey, “we need a price on carbon.” Polluting the atmosphere can’t be free.
These are the pillars of a climate bailout. Yes, some have upfront costs. But all of them would pay long-term dividends, because they would foster massive U.S. innovation in new clean technologies that would stimulate the real Dow and much lower emissions that would stimulate the Climate Dow.