An innovative carbon regulation for a profitable green transition
A successful carbon strategy should make clean energy cheaper by fully removing the numerous taxes that burden it.
Regulations are attempting to address the cost disadvantage faced by clean energy relative to fossil fuels, but carbon-pricing initiatives are faltering and subsidies are being phased out. These regulatory approaches face growing challenges in practical implementation.
However, there may be an alternative path forward: fully isolating clean energy from taxation.
Low wages: a major barrier to the green transition
A successful green transition must drive wage growth, not merely preserve the status quo, or it will be deprioritized in favor of economic concerns.
A green strategy must actively reduce inequality in order to succeed, rather than leaving policymakers trapped in endless debates about climate action that threaten jobs. Achieving this balance may be possible.