It does not make economic sense for a state or even a country to take costly unilateral action to reduce CO2 emissions when the cost is localized and the benefi

It does not make economic sense for a state or even a country to take costly unilateral action to reduce CO2 emissions when the cost is localized and the benefits are diffuse. Many voters like green policies in the abstract but won't like the bills of those policies when they come due. https://archive.ph/WIVek https://archive.ph/WIVek 'Soaring costs are pushing up the price of big wind-power projects, challenging the country’s shift to renewable energy and potentially leading to larger-than-expected bills for residents. New York state officials in recent days unveiled a slate of wind-farm proposals that would result in higher electricity rates for residents than previously approved plans. That has firms behind older bids rushing to see if they can resubmit their plans at or near the new rate. The projects are among the country’s biggest and are being closely watched because they show how a nascent industry that is key to the U.S. energy transition will work through the upheaval of escalating costs. The struggles are threatening delays in the current pipeline of projects, which analysts say could hamper the Biden administration’s offshore wind ambitions. “It’s going to be a tricky 12 to 18 months for the sector,” said Harry Boyle, a portfolio manager at Impax Asset Management, which invests in companies including clean-energy firms.'