I have advocated an entirely different approach than cap and tax, which would be worldwide in application and which emphasizes technology as a way of reducing total emissions.

Summary

This quote suggests that the person believes in an alternative approach to addressing emissions, rather than implementing a cap and trade system. They propose a worldwide approach that focuses on utilizing technology to effectively reduce overall emissions. This suggests a belief in the potential of technological advancements to mitigate the impact of emissions on the environment.