Green Thoughts

Often policymakers are “flying blind” with regard to how they will incentivize or disincentivize various market and other social activities via policy design.  Part of this has to do with the complex network of stakeholders that are always involved in the design of policy as well as mismatches between the influence of one or two powerful incumbent stakeholders and the less powerful.  Another factor is that policymakers often need to rely on a disorganized web of economic opinions about how the economy works and how policy works, over which they themselves do not have clear oversight.

Bernard Chabot, a mild-mannered renewable energy engineer from France with extensive business and policy experience, has designed a system that may very well make it easier for policymakers to design policies that work according to public intentions.  Last week at the national offices of the Sierra Club, I was able to attend Chabot’s Workshop…

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