Energy Marshall Plan.

To counter China's over production, the U.S. needs "an energy Marshall plan" that will require tools like border carbon taxes, says a former National Economic Council Director.

At a climate and trade summit on Wednesday, Brian Deese, now an MIT Innovation Fellow, said the U.S. will have to use border carbon taxes to protect its industry from cheap Chinese goods.

Amena H. Saiyid

Washington D.C. Correspondent