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Busting the Myths around Public Investment in Clean Energy

Busting the Myths around Public Investment in Clean Energy

Full Title: Busting the Myths around Public Investment in Clean Energy
Author(s): Jonas Meckling, Joseph E. Aldy, Matthew J. Kotchen, Sanya Carley, Daniel C. Esty, Peter A. Raymond, Bella Tonkonogy, Charles Harper, Gillian Sawyer and Julia Sweatman
Publisher(s): Nature Energy
Publication Date: July 15, 2022
Full Text: Download Resource
Description (excerpt):

Critics have opposed clean energy public investment by claiming that governments must not pick winners, green subsidies enable rent-seeking behaviour, and failed companies means failed policy. These arguments are problematic and should not determine the direction of energy investment policies. 

A slew of recent studies has made clear that the pathways to net-zero greenhouse gas (GHG) emissions by 2050 demand significant re-gearing of the global economy — which will require major governmental funding across the world. These public investments need to go beyond research and development — and support technology demonstration, manufacturing, and deployment as well as energy efficiency and the build-out of electricity infrastructure at scale.

All statements and/or propositions in discussion prompts are meant exclusively to stimulate discussion and do not represent the views of, its Partners, Topic Directors or Experts, nor of any individual or organization. Comments by and opinions of Expert participants are their own.

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