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If one is worried about the effects of AGW then the focus should be on research to lower the cost of low-carbon approaches, because the world will demand more energy at the lowest cost.

That research has no payoff and will not be done unless there is a price put on the CO2 now. That's the catch-22 problem. We have to raise the cost of the Carbon Emitting technology we are using, and make it clear that that cost is going to rise further... THEN the market will notice and take action. Not before. Not in any way will it do anything unless it feels the pain... it is an invisible HAND. It hasn't got eyes, brains or foresight.
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