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To spur decarbonization, public investments must go beyond government support of research and development and expand into the manufacturing and deployment of new technology. To do this, governments must move beyond the myths surrounding public investment in clean energy that discourage use of public funds, a newly published Yale School of the Environment-led commentary in Nature Energy explains.
In 2021, worldwide investment in low-carbon energy transition was $755 billion, far below what is required, the authors note….