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Two market problems in addressing climate change are lack of private incentive to reduce greenhouse gas emissions and underinvestment by industry in R&D. This proposal addresses these issues through permanent R&D tax credits and support for research institutions.
The Hamilton Project hosted a forum highlighting a new strategy paper and two new discussion papers on how to best design market mechanisms to reduce greenhouse gas emissions, including proposals to expand the federal R&D program to better promote the development of new greenhouse gas-reducing technologies.