It is now widely recognised that we need to reduce emissions. However, there are many ways to do this, and lots of uncertainty in the decisions to be made.

Most governments handle this by letting the private markets innovate, taking risk in search of profit. In practice, this approach is never as free or natural as some proponents suggest: after all, governments still set the rules as to what private companies can do, and set policies that can influence outcomes. But nonetheless, private investors make a lot of decisions about what technologies to invest in, and where.

However, where outcomes…

Guy Lipman

Fascinated by what makes societies and markets work, especially in sustainable energy. http://guylipman.com.

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