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How should Europe react to the Inflation Reduction Act?
The Sound of Economics
Is There a Threat of Crowding Out of Green Technology?
I don't think we are living in a macroeconomic framework that is marked by, that can be characterized by the scarcity of capital. Is there a scarcity of skills? Probably that's possibly more important. But here, and I would have the same reply for competition of raw material, which is also something clear and present. The answer to this question is not to avoid investing in green technology. We all need all countries to invest heavily to fight climate change. So unless you want to slow the speed of decarbonization, you're going to be faced with this problem. It's not an IRA specific problem. There's one of course set of issues with the IRA that may have broader negative
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