In order for the whole planet to make a sustainable shift away from fossil fuels, we need to make low-carbon energy both cheaper and more efficient. That requires a substantial increase in research and development into next-generation green-energy alternatives. Today's research budgets are tiny, and that desperately needs to change. In the meantime, the public should be cautious of politicians' claims that deploying today's inefficient, expensive technology will result in windfall benefits at no cost.
This article comes from Project Syndicate.