Large energy companies should be nationalized and run rationally, i.e. in a way that acknowledges the extreme scarcity of waste absorption capacity we are faced with.
I think proponents of this should move to some of the beautiful utopias where the energy companies are already nationalized and through the magic of socialism, emissions will no doubt cease any day now: Venezuela, Colombia, Saudi Arabia, Brazil, Russia, Kuwait, Nigeria, or China.
My point here is that nationalization has nothing to do with climate change.
Norway did it
Nationalization is not a guaranteed solution because of the dangers of populism.
Venezuela sheds a tear.
Nationalized industry sucks. Every time we try it, ultimately we get worse off. But if you're saying that we need to have a carbon trading market or some other such strong regulation that includes externalities, yes we definitely should. In the US, conservatives used to believe in market-based approaches to solving big problems. Now they just deny the problems exist. This is the mindset of a child, not an adult. Grown ups own their mistakes and solve the problems, they don't point fingers and deny they exist.