A new study published in Nature Climate Change by researchers from UC San Diego and Princeton University shows that a combination of subsidies for clean energy and taxes on pollution can effectively reduce greenhouse gas emissions. The study's economic models demonstrate that these policies can drive rapid adoption of cleaner technologies in the near term. The research emphasizes the importance of both financial incentives and penalties for polluters in combating climate change, shedding light on effective climate policy discussions. This highlights the need for comprehensive approaches to address the issue and underscores the significance of implementing a mix of policies to achieve significant emissions reductions.