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Industrial policy: what it is, how Biden's doing it, and how it could be done better

Volts

NOTE

Private Sector's Unpredictability in Clean Energy Investments

The private sector's actions in clean energy investments cannot be precisely controlled, as firms tend to follow their own agenda. Recent years have shown a surge in manufacturing construction and clean energy investments, with a 40% increase in clean energy investments and record levels of manufacturing construction. Despite some setbacks like offshore wind projects pulling out and slower EV adoption, the private sector's behavior remains difficult to regulate, making it imperative to acknowledge its impact on clean energy initiatives.

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