Thanks for the link. If we must do something about Global Warming, I think either the free market or your suggestion (to funnel about .1 percent of GDP into research for conservation, carbon sequestering, "Manhattan Project," etc., IIRC) would be the way to go. The alternative is taxation of carbon-based fuels and more misery for people of modest incomes in the wintertime.
I'm not sure we even need to "do something" about GW. The rising demand for carbon-based fuels (and the corresponding price increase) practically ensures that people in free societies will start conserving energy and looking elsewhere to satisfy their energy needs. Unfortunately, Congress always has an insatiable need to "do something..."
Bookmarked for later perusal of your link...