Subsidizing demand for low-carbon technology without easing supply constraints is asking for trouble.

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“Spending billions or even trillions subsidizing demand for these low-carbon technologies without clearing these regulatory hurdles could create more problems than it solves.” Excellent piece by @atrembath

Important essay by @alextrembath_ of @Thebti: New Green subsidies + Old Red tape = enriching lawyers, activists, & bureaucrats, not the environment. Cost-Disease Environmentalism | City Journal