Later today, President Obama will deliver a speech in which he outlines his administration's plans for executive action on climate change. You can read the full text of the plan that the White House has put out this morning.

Republicans, obviously, are going to scream "job killer!" at this. But the fact of the matter is that even though it's uttelry naive to think this way, far and away the best solution to the very real drawbacks of an all-regulatory approach would be to come back to the table and work out a carbon pricing plan.