This article was first published on Bloomberg Tax (09 May, 2023). Reproduced with permission.
Fiscal support will stimulate private investments in clean energy and foster innovation, but there are risks. Governments must get it right to avoid a wasted opportunity, say Agustin Redonda, Patrick Lenain, and Flurim Aliu of the Council on Economic Policies.
After years of procrastination, governments worldwide are finally providing substantial fiscal support to clean energy. This newfound enthusiasm is driven not only by the need to address climate change, but also by a desire to reduce dependence on volatile fossil fuel markets prompted by Russia’s invasion of Ukraine.
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