"A carbon price is not enough"

I've just spent some time in New York & had a chance to attend the "State of the Planet 2008"

They had an interesting session on "Identifying Energy Solutions for Sustainable Development". The main conclusion of the panel was that putting a price on carbon is a good thing ... but it is not enough. Government's need to get involved directly in funding key technologies such as Carbon Sequestration.

This is also the conclusion of Jeff Sachs (who was also involved in the discussion) new book Commonwealth.

Its certainly got me thinking & is a contrast to the UK Government's policy of not picking winners.