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1. Is it appropriate for investors to hedge against market exposure by placing capital into technologies that result in cleaner burning fossil generation?

2. Will private and public investors accept the risk and continue on a path of cheap fossil fuels, or increase holdings toward the 20-30 percent non-carbon source allocation?

Inglis made the case for a “tax swap”: implementing a tax on carbon while offsetting its revenues with a reduction in income or payroll taxes. This way, Inglis said, the U.S. can unleash a wave of clean energy innovation, driving down planet-warming greenhouse gas emissions without harming economic growth. And by making the tax border-adjustable — meaning that imports to the U.S. from countries without their own carbon tax would face an import tax — Inglis said his plan would catalyze the rest of the world to tax carbon as well.