The trickle-down theory of renewable energy

By Fran Sussman

Andrew Revkin’s column in DOT Earth about Harvard’s decision not to divest its investments in fossil fuels included some observations by Robert Stavins, a noted Harvard economist. One was particularly provocative:

“If divestment were to reduce the financial resources of coal, oil, and gas companies (which it would NOT do), this would only reduce research and development at those same companies of: carbon capture and storage technologies; other key technological breakthroughs; and renewable sources of energy (the fossil fuel companies are carrying out much of the R&D on renewables).” (more…)

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