Terry
What does "whatever capacity" mean? Could you explain? I expect that global society will increase annual investments from 24% today to 36% of the GDP in 2052. Much of this investment will be in energy-efficient goods that are more expensive than old-fashioned stuff designed for an era of cheap energy. Another share will be invested in the shift from coal to more expensive fuels, like conventional gas. Some will go into the construction of new renewable energy supply, even during the years before it becomes competitive. These huge increases in investment would not come about if investment was left to the market. Rather, they will happen only through state intervention, based on parliamentary decision. It will be either direct, when the government invests the tax dollars in whatever capacity it considers to be most necessary, or indirect, when the government passes legislation that makes the desired activity more profitable.
Aug 11, 2017 9:16 PM
Answers · 3
"when the government invests the tax dollars in whatever capacity it considers to be most necessary"...it means the government will decide what capacity (ie. wind or solar or gas or coal power stations) it thinks is required and invest in that form of generating capacity.
August 11, 2017
In whatever manner/way
August 11, 2017
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