The price should be held globally at a level necessary to destroy demand, and as much of the resulting surplus as possible should be invested in renewable energy, and in the cheapest energy of all - energy saved.

In order to do this you need to literally monetise energy. Deficit financing and funding simply will not cut it.

IMHO one of the Big Trades of the 21st century will be the value of IP and Knowhow exchanged for the value of carbon fuel saved.

"The future is already here -- it's just not very evenly distributed" William Gibson