Fix Market Failures, Don’t Subsidize! [Carbonomics, Ch. 22]
December 13th, 2006 by Steven Stoft, BerkeleyNever has civilization switched energy sources as quickly as may now be necessary. Never has American energy policy made much difference on balance. Success requires a powerful yet durable policy harnessing the intelligence to chart a path we cannot foresee. Of the many obstacles blocking the adoption of such a policy, two loom largest: subsidy politics and the great cost confusion.
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