GEORGE A. OLAH, professor of chemistry, USC Dornsife, and Chris Cox, USC trustee.
This op-ed originally appeared in the Wall Street Journal on Oct. 10.
In the three weeks since the Obama administration issued its long-promised proposal to reduce carbon dioxide emissions, it has become clear the plan is far from perfect. By placing the burden of expensive new carbon capture and sequestration technology on the U.S. alone, and potentially requiring steep cuts in domestic energy to conform to carbon caps, the proposal could send the U.S. economy into shock without making a significant dent in global emissions.
There is a better approach that can reduce greenhouse-gas emissions while growing the economy and increasing U.S. energy independence.