A rising carbon fee is the best way to jumpstart the innovation we need to address climate change. With an ambitious carbon fee in place, our plan would replace only those regulations that become redundant, such as those governing carbon emissions from power plants. This regulatory streamlining will not affect regulations that address other greenhouse gas emissions, such as methane. It will also leave intact policies that would be complementary to a carbon fee or accomplish additional policy goals, such as CAFE and appliance efficiency standards.