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Climate change is known as a ‘wicked’ or even a ‘diabolical’ problem: complex, persistent and requiring change in multiple dimensions that are difficult to achieve. But this characterisation does not encompass the political-economic features of the climate problem that are hampering the policy response: state...
Governments are in the business of promoting desirable economic and social outcomes and undertaking this business sometimes involves financial aid or subsidies. Subsidies should, of course, be well-designed, such that their benefits exceed their costs. Many are not. Yet even when they are, problems arise:...