Carbonomics: How to Fix the Climate and Charge It to OPEC

Carbonomics was ahead of its time. A year before the Copenhagen debacle it explained why this was inevitable, and the last quarter of the book tells what to do about it. The trick is to design a self-enforcing treaty based on self interest. The book clearly explains how this can be accomplished by using clever rewards and penalties.

Carbonomics was also ahead of its time in advocating the Cantwell-Collins approach now before the U.S. Senate. In fact it goes a step further and explains the "untax" now advocated by James Hansen.

Finally, as its subtitle shows, Carbonomics was well ahead of the recent push by President Obama and some Veterans' organizations to align clean-energy policy and energy-security. In fact it shows exactly how to align these two agendas and how to avoid the pitfalls that would split the required coalition. Only by unifying these two groups will we get a strong enough policy to curb our oil addiction, take back our money from OPEC and fix the climate.

Dr. Stoft has a background in physics, mathematics and astronomy, followed by a Ph.D. in economics from UC Berkeley. He has taught at Boston University and UC Santa Cruz, but turned to energy policy in 1987 when he took a position at Lawrence Berkeley National Laboratory working on appliance efficiency standards.

He researched electricity markets at UC's Energy Institute, started a career as an independent energy consultant and wrote Power System Economics which has been translated into Chinese and Russian.

He testified as California's expert economic witness in its attempt (still pending) to recover some of the $20 billion lost in the 2001 electricity crisis and is co-designer of New England's present generation capacity market. He is Director of the Global Energy Policy Center (global-energy.org), and recently presented the international climate policy proposals in Carbonomics at the World Bank.