But what's the sensitivity, Hank?

Treasury Secretary Hank Paulson on Climate: Regulate! | Marc Gunther on ClimateBiz

Hank Paulson was relaxed, and why not? For a change, the treasury secretary wasn't on the defensive about failing to save Lehman Brothers, or changing direction on TARP. Instead, he was expounding on a favorite topic: saving the planet from the threat of climate change.

Ever the loyalist, he praised President Bush for insisting that any solution to the climate change problem be global, including China, India and the rest of the developing world.

But in his last week in office, he also broke with the Bush administration to say that the U.S. needs a regulatory scheme that will put a price on carbon dioxide emissions. The Bush team has argued that voluntary actions will do the job.
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The former CEO of Goldman Sachs, Paulson has long been an environmentalist. He's an avid bird watcher and the former chair of The Nature Conservancy, and his wife runs a small environmental NGO.