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Tag: Sustainability Markets
Much has been made of the $5.3 trillion global fossil fuels subsidies and many have vilified subsidies in the process. It is well known that not all subsidies are equal, nor is there consensus on which ones are good or not. The more conservative among us tend to be fine with defense or industrial agriculture subsidies, but balk at “green” subsidies, pointing accusatory fingers at the not-so-long-ago Solyndra debacle as evidence of left-wing nuttery. The smarter response to Solyndra is, however, not fewer, but more green subsidies.