A new economic framework based on institutional economics is needed for the climate disruption problem. A more effective framework would change the focus of economics from the near to the long term, substitute a goal of systemic risk avoidance for economic efficiency, and favor economic dynamic analysis, a specific form of institutional economic analysis, over cost-benefit analysis. Economic dynamic analysis requires evaluation of economic incentives that takes into account bounded rationality, countervailing incentives, and uncertainty (through scenario analysis). This approach has already influenced climate disruption law and works better than the neoclassical economic approach to climate disruption. An economic dynamic approach sheds light on the limitations of hybrid emissions trading programs and can aid the creation of more advanced economic incentive mechanisms.