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Analysis

Energy development: free market purists vs the state

Governments commonly provide subsidies or other support mechanisms for energy development to align the market with strategic goals, especially with regards to decarbonisation. But some argue that state intervention is a poor substitute for a free market dictated by consumer needs. How does the free market vs. state support debate shake out, and does it all boil down to perceptions of the urgency of the climate change crisis?

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