Rather than impeding the clean-energy race, the recent collapse of the US start-up community's go-to bank offers valuable lessons for managing the public-private minuet that the net-zero transition requires. The doomsayers are missing the bigger picture.
Spring 2023 MBA half-course
Speeding up the adoption of already proven and scalable technologies, and exposing the many hidden costs associated with fossil fuels, is a necessary goal. Achieving it will require new policies to guide investments in the right direction, and techno-optimists ought to be the loudest advocates.
Mahindra United World College India
With more governments embracing industrial policies to transform their economies, picking the right technologies to subsidize will become a key challenge. To navigate the minefield of entrenched interests, techno-hype, and political pressures, policymakers must embrace a mix of openness and caution.
While no legislation is perfect, the US Inflation Reduction Act of 2022 will be a game changer for the transition to clean-energy sources, both in America and around the world. By doubling down on forward-looking industrial policy, the US is suddenly poised to give Europe, China, and others a run for their money.
A lot more needs to happen, a lot more can happen
The green transition comes with costs; but they are well worth it, and they pale in comparison to the costs of inaction. The ever-falling costs of renewables have not eliminated the politics of climate change. But they certainly have made our choices much easier.
U.S. Open Energy Outlook
by Jesse L. Reynolds and Gernot Wagner
While cheap, such an aircraft-based program would unlikely be a secret
Alpbach, Austria
by Elizabeth T. Burns, Jane A. Flegal, David W. Keith, Aseem Mahajan, Dustin Tingley, and Gernot Wagner
