The Kyoto Protocol has been offered as a solution to the problem of climate
change. In this Policy Essay Senator Murkowski argues that the Kyoto Proto
col would harm the United States economy and would fail to stabilize concen
trations of greenhouse gases in the atmosphere. This Essay offers alternati
ves to the Kyoto Protocol that should be implemented as part of a "no-regre
ts" approach to climate change that will provide incentives for innovation,
support for new energy technologies, anti investment in research 20 reduce
the uncertainty surrounding climate change.