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Maybe we are at "peak green", i.e. the moment in time with the greatest amount of green policies. Then, from this point onward we should see a decline in green
by jcarrano 3y ago
Maybe we are at "peak green", i.e. the moment in time with the greatest amount of green policies. Then, from this point onward we should see a decline in green commitments.
Setting aside whether "peak green" is or not a bad thing, if you consider the premise of the green transition according to its supporters- government hastening a change that would otherwise be too slow- then the phenomenon is inevitable. If initiative followed (lagged) capabilities (technological-economic, geopolitical, social) then we would probably see a smoother, slower transition. Any attempt to go faster than capabilities allow will result in a "peak green" moment (there can be many).
In summary, in a green transition not driven primarily by market forces, expect to see several of these "setbacks".